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Re: the_fund post# 8778

Monday, 11/06/2006 12:57:47 PM

Monday, November 06, 2006 12:57:47 PM

Post# of 63795
I agree with your assessment. The trading appears "thin". There is very little stock for sale. The share B/A flits around in a wider range than it should - down - then recovering rapidly to a higher spread.

The intra-day pattern is consistent with a bullish bias. Share price pops - volume pops with it. Share price flattens - volume dissappears. We have seen this at least twice today on the 10-minute.

Stair-stepping higher in an elegant and understated way. This type of activity is what you see at the start of a strong run.

IMHO

JL