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

To: John Madarasz who wrote (61034)	10/20/2000 12:39:45 AM
From: Techplayer	Respond to of 99985

John, thanks for your insight. tp

To: John Madarasz who wrote (61034)	10/20/2000 12:40:33 AM
From: OX	Read Replies (1) \| Respond to of 99985

but the "start" day (10/13) was negated since there were prints below 10/13 lows on 10/18. so one would have to start the count again w/ 10/19 being the "start" day. since 10/18 close was not above 10/17 close. right?

To: John Madarasz who wrote (61034)	10/20/2000 9:05:22 AM
From: Les H	Read Replies (2) \| Respond to of 99985

It's not considered a follow-through day unless the volume exceeds the prior day. Market diary below includes volume: smithbarney.com According to marketgauge, the Dow has 5 distribution days and the Nasdaq 4 distribution days in the last 2 weeks. No accumulation days thus far. It's difficult to have a follow-through day the day after a big sell-off day since the volume tends to be eclipsed by the prior day's selling. Note also that the average volume is still trending up which is more confirming of the trend in place than indicative of a new trend. I think the volume will die down when the selling dries up.