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To: Murray Grummitt who wrote (7078)1/15/2003 8:41:18 AM
From: Jeffrey S. Lillie  Respond to of 10157
 
im not saying anything like that. i said that it felt like distribution over the last weeks worth of days. thats all.
j



To: Murray Grummitt who wrote (7078)1/15/2003 9:16:01 AM
From: mishedlo  Respond to of 10157
 
Look at the angle from Oct and the angle from the DEc bottom. Certtainly the "rate" of accumulation has fallen off dramatically.

No the question is who is accumulating, if anyone.
Pension plans etc? Or smart money? Or Mutual funds with that last gasp of any inflows whatever they may be.

To me it appears to be a negative divergence.
Notice the "accumulation" up to Dec before the dump.

M


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