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Yes, I understand that distribution is the opposite of accumulation - I just
wondered if you reversed your indications for accumulation as a way to
confirm distribution.
----- Original Message -----
From: <Proffittak@xxxxxxx>
To: <dlc@xxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxx>
Sent: Wednesday, November 03, 1999 11:07 AM
Subject: Re: MKT: OBV
> 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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