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Strategies & Market Trends : Longer-Term Market Trends

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To: Perspective who wrote (2193)5/29/2009 12:26:21 PM
From: John Madarasz  Read Replies (1) of 3209
 
Insider buy 10 and 30MA's show heavy selling into this latest rally. Notice the MA's at the Jan 2009 top, and the March lows...



Bradley high comes in on 6/3/09

amanita.at

and 4 distribution days as defined by O'Neil on pps. 70-71 in "Essential Lessons..."

5/7/09, 5/12, 5/13, 5/20

" In general, distribution is indicated by the index closing down on increased volume or a day's attempted advance stalling (very little change in price)on greater volume than the day before....Four days of distribution, if correctly spotted over a two-or three- week period, are often enough to turn a previously advancing market into a decline..."
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