Market Status
(4/2/2004):
...Today's volume levels were among
the heaviest in over a week. Since the majority of today's volume
was resistive, we caution short-term traders about a possible
short-term downturn...
Market Status
(4/23/2004):
...Volume levels remained relatively high today, as yesterday’s rally
continued. However, throughout the trading session, the generation of
total resistive volume outweighed that of supportive volume. We see the
possibility of
a
pullback, brought on by the output of resistive
volume over the last two days...
Market Status
(4/30/2004):
...In light of the significant
amount of
supportive volume that has been generated recently (i.e., several
large concurrent supportive
VMA spikes to the downside), we currently recommend that only the
most conservative investors place stop-loss orders. There are signs that
the delayed reaction to the accumulated
supportive volume is ending. Because the market has been building up
a great deal of
supportive volume lately, we believe an
up move
may be imminent...