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<SPAN
class=640154302-13102001>interesting tell us more
<FONT face=Tahoma
size=2>-----Original Message-----From: BobR
[mailto:bobrabcd@xxxxxxxxxxxxx]Sent: Friday, October 12, 2001 9:17
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT]
[Bobr] sp500/nasdaqI was hoping someone would
enlighten me on the difference. After a longrunup from the September
lows it would not be unusual to see someprofittaking in the form of the
10/4 and 10/11 profiles. In the short run Ibelieve this weeks
pattern was short covering and distribution, but this isonly a short term
view and in the long term no doubt there is
someaccumulation. The daily profiles this week are
classic market profiles.A short covering auction bar is a long one with a
clump of prices at thetop. A distribution pattern is like the one on
Thursday with a narrow rangeand symmetrical profile. Friday has a
double profile in the upper and lowerportions of the bar. Note the
upper "distribution" looks like the one onThursday but at a lower price
centroid.bobr----- Original Message -----From: "Terry B.
Rhodes" <trhodes3@xxxxxxxxx>To:
<realtraders@xxxxxxxxxxxxxxx>Sent: Friday, October 12, 2001 5:48
PMSubject: Re: [RT] [Bobr] sp500/nasdaq>>
----- 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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