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----- Original Message -----
From: BobR
To: realtraders@xxxxxxxxxxxxxxx
Sent: Friday, October 12, 2001 11:00 AM
Hi,
I agree with your analysis RE short covering and consolidation,
but believe we are seeing accumulation, not distribution.
Experience leads me to believe proper identification of one or
the other is very difficult but is the key to successful trading.
Could you please elaborate on how you differentiate accumulation
from distribution? I am certainly no expert here.
regards,
tbr
Subject: Re: [RT] sp500/nasdaq
----- Original Message -----
> From: BobR
> To: realtraders@xxxxxxxxxxxxxxx
Sent: Friday, October 12, 2001 11:00 AM
Subject: Re: [RT] sp500/nasdaq
> Looking back over the last 7 trading days shows this pattern, short
covering, distribution, 3 days of consolidation, short covering,
distribution. Correct me if I have the definitions wrong. In
market profile
theory, a distribution occurs when prices have a tight
symmetrical pattern
following a run up like Thursday and Wednesday and previously on
10/3 and
10/4. A consolidation implies a pullback after a runup as on the
5th, 8th,
9th. If Thursday was infact a distribution, then Friday and ???
would have
consolidation, perhaps.
bobr
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