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Re: KrakenTaken post# 142362

Thursday, 10/14/2004 4:44:05 PM

Thursday, October 14, 2004 4:44:05 PM

Post# of 396422
ot: Teen, hi
TIDE - See a 2 mo. chart. Generally speaking, looks like TIDE trying to at least retest the low of 9/15 where it did what, .75ish on about 1 mil shares.

So, if it goes back to .75 on waaaaay less shares than that 1 mil, then that typically means that it is the retest and the sellers have dried up and that's a point at which to make a decision. A stock going UP on good volume and BACK down on less is what you want to see, whereas UP on NO vol is not good cuz WHY sould price go higher when there are LESS people that want the stock! Perfect example is TIDE on Oct. 5 and 6.... See that Oct 5 was big vol and price went up (to $1.00), then next day it went a tad higher than $1.00 but on what HALF the volume!!! So it came right back down. For the stock movement to be 'real' so to speak, the price should be going UP because MORE people want the thing, not because LESS people want it! haha. It's an illusion! LoL :>) Just my humble opinion, pls do DD and use stops. Good luck, Golf
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