MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 684.84

+0.6%

Dec 22 4:00 PM EST

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To: bobby beara who wrote (20852)	7/22/1999 8:48:00 PM
From: Casaubon	Read Replies (1) of 99985

I've also noticed big volume doji's near resistance on several market leading stocks, this is a sign of distribution. I noticed this on the stock I was holding. For the past two days, two doji days on very high volume, after a steep decline on low volume. I was wondering if any of you gurus could enlighten me as to the possible implications. I was thinking it was due to institutional shorting, any comments (a nasdaq stock, by the way). I've mentioned before that I can't really get a handle on the volume implications of this stock. Any insight to help me learn is most appreciated. It just doesn't make sense to me that so many shares could trade and the stock doesn't budge and then on other days the price flies around on nothing volume. Anyway, I sold my position. Thanks for any insight.

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