daily charts, page-15

Bundy-Too,

That unfortunately I cannot say. What I can say is that with the increase in volume(activity), there is a likelihood that the announcement may be positive for PIE.

From a ST traders perspective, the positive announcement is where you have to be careful. You have to keep in mind that the pros have been absorbing selling, which is costing them money, and in the long run they want a reward for that hard work. And selling on "Good News" is the best way to distribute their stock without putting the price down against their selling.

Remember, weakness will appear in up bars. Look for gap-ups, narrow spread high volume bars, up bars closing on their lows and up bars going up on less volume than the previous two bars. This would signal the end of the rising market in the short term.

But as a LT investor, you don't need to worry about any of this. You're invested in a good company that has a good product that should hopefully supply a lot of the worldwide demand.

Cheers,

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