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Strategies & Market Trends : Classic TA Workplace

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To: bcrafty who wrote (77652)	7/21/2003 4:20:09 PM
From: Perspective	Read Replies (1) of 209892

Distribution is institutional selling pressure. O'neill (whom I have a fair amount of respect for) has a pretty lame definition of it. I define it as above-average volume selling, and you can pick your average. I think 50-day average works well to smooth seasonality and secular volume trends. BC

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