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

To: dennis michael patterson who wrote (41517)	2/27/2000 9:41:00 AM
From: HairBall	Read Replies (2) \| Respond to of 99985

dmp: LG said it was just his opinion What I said is it is subjective. Outside of having a list telling who sold or bought when and how much, there is no way for an individual to know when the primary players in the market are selling or buying. I have developed a technique...subjective, but a technique. One could possible do it via an indicator, I have written them in the past, but I now prefer to do it visually. I hope that answers you question. Learning to do it visually or via scan when accumulation or distribution is being done in stealth takes experience and talent, but when it is "in your face" it just takes looking. I have posted links to repeated updates of my WOW chart of the COMP (Dow Jones 65 Composite) since late November 99, pointing out the distribution going on in the Dow Indices beginning in late Oct 99. One would have to be blind not to realize at least SOMETHING was going on! Of course, there is always some ongoing distribution and accumulation on a intraday an short-term basis, but I am now reading posts saying distribution is in progress in these same indices...WRONG...the primary selling has already occurred! Regards, LG