MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: John Madarasz who wrote (61034)	10/20/2000 9:05:22 AM
From: Les H	Read Replies (2) of 99985

It's not considered a follow-through day unless the volume exceeds the prior day. Market diary below includes volume: smithbarney.com According to marketgauge, the Dow has 5 distribution days and the Nasdaq 4 distribution days in the last 2 weeks. No accumulation days thus far. It's difficult to have a follow-through day the day after a big sell-off day since the volume tends to be eclipsed by the prior day's selling. Note also that the average volume is still trending up which is more confirming of the trend in place than indicative of a new trend. I think the volume will die down when the selling dries up.

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