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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Mr. BSL who wrote (9565)	7/19/2000 10:19:31 AM
From: Kirk ©	Read Replies (1) \| Respond to of 42834

Thanks for the Accumulation/Distribution numbers. This writer says the NASDAQ is under "accumulation". Has a nice chart too. cbs.marketwatch.com From the standpoint of the successful intermediate-term trader who specializes in tech issues, there are only two things you need to know to be positive on the current market. First, the Nasdaq Composite has been under accumulation, setting higher highs and higher lows. "Accumulation" refers to up days coinciding with higher volume, and down or flat days correlating with easing volume. This tells you institutions are buying stock, on balance. This is important because mutual funds, pension funds and other big players provide the rocket fuel for any legitimate market advance. Moreover, the fact that the Nasdaq is printing higher highs and higher lows provides you with objective evidence that the intermediate trend is up. Second, leadership is excellent. Specifically, numerous growth stocks are building and breaking out of bases, most on strong volume. This is the most bullish thing a market can do following a severe sell-off. Interesting stuff... Sure makes you tune in each day to get the latest update. Advertisers must LOVE this short/intermediate term trading stuff. 8) Kirk out