8000 Incorporated (EIGH)

[Stock Doc]

There is no better proof that a stock will go up,than when it acts as if it can't. Consolidation action of a stock means just that: It is consolidating its gain in price for a further rise. During a period of consolidation the technical strength of a stock is being improved. It is action that tends to impress the public that the stock has lost its ability to rise further, often developing a perfect resistance level that after a time seems impenetrable. This is the way the majority are impressed, and many then sell out.

Ted Warren 1966

I am a fan of Mr.Warrens and so far in my quest for knowledge about the market he has always been right.

Thought timing for this post was good