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In a message dated 11/3/99 9:31:24 AM Eastern Standard Time, dlc@xxxxxxxxx
writes:
<< Hi Ben,
Since I've learned the hard way to never assume, would the opposite
conditions indicate distribution? I.e., if the sale price is a) below
yesterday's close, and b) if it was sold below today's open, and c) if it was
sold in the LOWER 25% of today's trading range, would THESE three conditions'
simultaneous existence confirm distribution to you?
Regards,
Dennis C. >>
take an example aol
if today's hi is lower then yeaserday hi
then we probably topped out
and yeasterday was just churning,, (in a distribution phase)
yes the opposite of accumulations is distribution
Regards,
Ben
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