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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (21205)	11/14/2001 4:17:43 PM
From: Doo	Read Replies (1) of 209892

"We gapped to 1710, and closed at 1703...so -7 on the day... We saw this stuff before this year, and it was right before tops.." JRI: I agree as far as the price action, but what's missing is volume on days like today, for example. There's a fairly simple way to monitor such distribution days. PM me if you are interested. In my view, neither today nor yesterday marked a distribution day, and although there was no doubt distribution, it was not significant in the search for an intermediate term top.

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