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Strategies & Market Trends : Classic TA Workplace

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To: bcrafty who wrote (77573)	7/21/2003 11:04:10 AM
From: Perspective	Read Replies (1) of 209892

O'neill's definition of a "distribution day" is laughable. Come on, the volume relative to yesterday ? Give me a break. The volume every day last week (except for the Friday bounce) exceeded the 50 day average. That's what I look at. Volume has been solid on this decline and weak on the bounce. The missing ingredient for me remains a convincing breakdown of the glamour trash. They are close, but not convincing. Unless they lead the turn down, I don't trust it. BC

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