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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (28526)1/16/2002 11:06:54 PM
From: John Madarasz  Read Replies (1) of 209892
 
In order to meet the most stringent requirements, i'm targeting the session of the 9th as the first real day...and the beginning of the blow off trend of distribution

see The chart in the 1st post to follow

These 3 most recent sessions are confirmation of the highest order, for me, of a broadening top under distribution on the COMPX...any more spell even greater trouble... i'm pretty certain we'll get at least one more in the next 10 sessions...from higher levels than today,

Message 16885556


" In general, distribution is indicated by the index closing down on increased volume or a day's advance stalling(very little change in price) on greater volume than the day before."


Message 16885247
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