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Re: BoomTime post# 81

Friday, 03/25/2005 5:02:05 PM

Friday, March 25, 2005 5:02:05 PM

Post# of 44374
boomtime,

if you pull up a line chart with volume as an in indicator you will see why low volume is encouraging---about a week ago our share price tested around .20...huge volume pushed the close above the open---what originally seemed bad turned into a wonderful opportunity for many---since then...we have been testing this previous low with extremely low volume(given recent volume trends)---this tells us that there is no significant selling pressure to drive the share price downward---another similar "good news" volume trend is that on gtel's share price declines...volume went the same direction....selling pressure was very slight---all my interpretation of course based on given chart..others may differ...hope it makes sense to you
reference:
use 6 months as a time frame
http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=gtel&time=&freq=

best of luck...sinc,

bill



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