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Strategies & Market Trends : Classic TA Workplace
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To: bcrafty who wrote (82791)9/24/2003 11:46:20 PM
From: skinowski   of 209892
 
But A/D was about 2/1 on the big board, not the 4/1 you'd expect with such a large point move and the naz A/D was about 3/1

Interesting point. There is no way to know whether this break in the market is the real McCoy. For that you need to have the Wave Of Recognition, the 3rd one... That's when the the decline gets broader.

Now, in the likely 3 of 1, it's only weak hands and smart money who doing some distributing, albeit for different reasons... -g
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