megaphones can be distribution, or accumulation, if we take out the bottom of todays tail, i would conclude it's distribution, HOWeva
stockcharts.com[w,a]daclyymy[pa6!b200][vc60][iUb14!La12,26,9]
you look at those three massive volume bar breakout bars in mid/late april, and you could make the conclusion we have made a wychoff, low volume re-test of the broken ice
there was some extreme put buying in microsoft at the lows, pointed out by larry mcmillan,
this is a blue chip company with lots of cash and able to weather the hurricances that will kill most companies that live mostly on hype.
the msft chart was the one to watch at the top, and it is the one to watch at the bottom too, IMHO
sentiment is an inexact science, it's not a science at all. |
