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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (6502)7/8/2001 3:06:34 PM
From: John Madarasz  Read Replies (2) of 209892
 
always a pleasure to contribute here, thanks for the chart.

I think I can say distribution...can you say distribution too?<gg>

I count 5 days again so far in the last 4 weeks on compx, starting with the June 14th session of down days on higher volume than the previous session...a serious warning signal dictating a defensive posture.

stockcharts.com[w,a]daclnymy[db][pc5!c21!f][vc60][iUb14!La8,17,9!Lf!Lh5,5!Li5,5!Lg!Lc20]

successively lower volumes on each rally as well with exception to the latest lower high <g>

OTC and NYSE bullish %'s remain on sell signals both short and longer term

Wildly bullish counts and exhortations to buy into them only re-affirm what I believe is still to high a level of intermediate to longer term complacency.
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