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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (3844)	5/30/2001 10:53:01 PM
From: John Madarasz	Read Replies (1) of 209892

The Ameritrade Index for the compx puts the buyers at 84.59%...even higher than yesterday. This confirms the old Jesse L. axiom that distribution happens on the way down. Today was only the second day of distribution (higher volume than the previous session on a down day) in the compx in 24 sessions, so there is still plenty of room for further selling. As an aside on the book list subject, here's a fascinating read for math history junkies...this guy was beyond amazing. No e-wave, but still a cool story<g> amazon.com

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