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Strategies & Market Trends : Classic TA Workplace

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To: Doo who wrote (25105)12/13/2001 4:06:33 PM
From: John Madarasz   of 209892
 
selling does indeed accelerate into the close in the last 1/2 hour by a marked degree, to surpass yesterday's volume.

quote.yahoo.com^TV.O&d=5d

This fits all the criteria for another day of distribution, making this the fourth day in as many weeks... a red flag.

12/11/01 compx chart

stockcharts.com

With todays close firmly below the wedge on the COMPX, and the bearish engulfing stick on the SOXX today, below the 200dma, i'd say things are shifting towards a more bearish tone.
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