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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (35363)12/17/1999 9:08:00 PM
From: yu  Respond to of 99985
 
Hi hb,

You wrote:
>> i haven't seen a positive tick in ages...to me this means we have
>> seen a big distribution rally.

I wanted to ask this question for a long long time.
How could NASDAQ go up so much while tick.nq had been so negative?
And why is negative tick = distribution, but not accumulation?

If one big block buy is considered to be one uptick and
each small size sell is considered to be one downtick,
then negative tick.nq and index going up should be considered
bullish. I know my statement is flawed, but what is wrong with it?

Thanks ahead.

yu