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Strategies & Market Trends : Classic TA Workplace

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To: bcrafty who wrote (82791)	9/25/2003 12:22:49 AM
From: Shack	Read Replies (2) of 209892

The A/D line wasn't extreme as you say (although it still sucked), but the down volume was quite large, that's why we get a high TRIN . In other words bc, the decliners was where the volume was despite that a third of NYSE was up (oils, golds and other assorted fringe stocks-vbg). My god man, take a look at my ticker!: CSCO: -3.9% ORCL: -3.6% MSFT: -3.9% INTC: -4.0% AMAT: -6.1% AOL: -3.0% EMC: -6.0% PFE: -2.2% GE: -2.4% HPQ: -2.2% TXN: -4.3% All on big volume. Trust me, it takes heavy selling to drive all these pigs down like that. As for what I consider a distribution day, that's a good question. All I am really looking for is a close lower than the open, volume must be relatively strong, and down volume must very high, personally I like anything over 75% (today was over 80%). I would not get too concerned about them unless you get more than one in short period of time.

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