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The only thing is that divergence often leads to another higher high... Also
time is involved.This thing could go even more.. Not disagreeing with you
persay, it is difficult to model accumulation and distribution, except on a
cumulative basis on each stock of the index.
For the second week in a row, the futures were bought in the dead period of
the day at near average price for the week, That looks to me like people are
working it on the bullish side.
It might be that no one is selling for the moment.
Don Thompson
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, October 13, 2001 3:22 PM
Subject: [RT] Gen - distribution?
> One argument for the notion that the last 7 trading days were more
> distributive than accumulative is found in Ben's Profit Taking
> Index(proprietary). The PTI configuration looks the same for the OEX and
> NASDAQ even though all the data is totally different. A sell divergence
> between the indexes and the PTI's is seen on both charts.
>
> bobr
>
>
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