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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (133357)	6/5/2006 2:31:29 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

Sorry, Ray - you're not going to be able to draw me into an prolonged accumulation/distribution discussion about anything. Whenever I see anybody state in a matter-of-fact manner, for example, "I see accumulation going on on XYZ since 5/24" my first reaction is to pull my glasses down to the end of my nose, give them a serious squint and say, "Oh really,? And how do you KNOW there's accumulation going on?" <g/ng> Since accumulation is institutional buying, and since the person speaking is not an institution (or a broker with loose lips) and thus can't state that there's actual accumulation going on, what they're really saying is "from the looks of indicators a, b, and c it appears to me that there's a likelihood of accumulation going on." But people rarely specify what indicators they're looking at to determine accumulation, except buying volume, to perceive this accumulation. And as mc correctly stated, any supposed measures of accumulation are crude indeed (and many times self invented). What I meant with my "oh come on now" comment is that if you're talking about this morning's buying, that's wiggle talk; if you're talking about today being day one of some kind of serious uptrend or end of a downtrend, I'd need more evidence, confirmation, etc., to even entertain the thought of such.