Friday, January 19, 2007

Stock Watch 1/19/07

Watching fails. ASIA is on my watch list for trading today. It came up as a forceswing candidate. Using the force index for short term trading you would look for a negative 3 day force index and positive 13 day force index. ASIA came up last Thurs. as forceswing watch, and rocketed in trading on Friday, Jan 12. It's been in a downtrend since. Average volume is 430 thousand. Last Friday, volume was almost 3 million. The force index is calculated with the price difference multiplied by the volume, so the volume has to be strong to make this reversal. Other watches include ACUS AMNT GEMS DHBT

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