Friday, June 24, 2005 12:54:32 AM
Aroon is a trend indicator; start here. If it's not clear search my posts, I have many old post trying to help others understand them.
http://stockcharts.com/education/IndicatorAnalysis/indic-Aroon.htm
YES ; MM accumulation is because they expect PPs to go higher. When you start to see normal retraces after a run, you can expect they don't! The retrace doesn't occur because they goble up every thing dumped by day traders. IMO.
Oh ya, they could let it retrace farther and buy lower yet, but the volume may dry up and they won't get as many shares as they want. So logic says get them when you can and help keep interest in the stock as long as possible at the same time.
A new position 15% lower with 10 million shares is better than 30% lower with 1 million.
Success !!! http://www.investorshub.com/boards/board.asp?board_id=3972 Welcome to my mind!
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