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Bob:
Can you tell me where you get the data to produce the Market Profile charts,
also if that is a formula that comes with TS2000 or if it is available for
TS4?
Thanks, John
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, October 12, 2001 6:16 PM
Subject: Re: [RT] [Bobr] sp500/nasdaq
> I was hoping someone would enlighten me on the difference. After a long
> runup from the September lows it would not be unusual to see some
> profittaking in the form of the 10/4 and 10/11 profiles. In the short run
I
> believe this weeks pattern was short covering and distribution, but this
is
> only a short term view and in the long term no doubt there is some
> accumulation. The daily profiles this week are classic market profiles.
> A short covering auction bar is a long one with a clump of prices at the
> top. A distribution pattern is like the one on Thursday with a narrow
range
> and symmetrical profile. Friday has a double profile in the upper and
lower
> portions of the bar. Note the upper "distribution" looks like the one on
> Thursday 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 PM
> Subject: 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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> >
>
>
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