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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: ok1day who wrote (57230)9/7/1999 9:24:00 AM
From: stan s.  Read Replies (2) of 90042
 
Morning Ossnat! I can see you're doing your homework as always. Several indicators try to measure accumulation (smart money)...the example you described is accurate. The basic tenet of accumulation distribution is tracking volume on up days vs volume on down downs...and if that trend is up...smart money's buying, supposedly.

There are a lot of variations of A/D that try to get to the root of it now...OBV, Money Flow etc.

As far as today, someone was kind enough to PM me that article that Last Shadow posted once about the holiday effect.

Unfortunately my PM's ran the page before I thought to copy it. I believe the 2 days before the holiday were generally very positive and if I remember correctly the day or two after were decidedly negative. That's only on average though...

Anyway caution and diversify (not all your eggs in one...blah, blah...) of course...don't be afraid to sell. If I buy anything I'll try and post.

Take care.

Stan
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