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OK, let's look at one more bottoming/topping kind of chart. As price drops
into a low the 5 day declining volume(red line) peaks and the 5 day
advancing volume bottoms. Also the net new highs new lows bottoms. Then as
price turns up the 5 day Adv Vol surges and Decl Vol turns down. net NHNL
turns up. As price trends up into a peak the 5 day AdvVol delcines and the
DecVol bases/rises. Net NHNL ROC decreases and rolls flat to down. At some
point in the rise the AdvVol and DecVol kiss or cross. Last week they
kissed on Tues/Wed. Next week, we look for another kiss or cross.
peace,
bobr
----- Original Message -----
From: "Don Thompson" <detomps@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, October 13, 2001 1:00 PM
Subject: Re: [RT] Gen - distribution?
> 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
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
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http://docs.yahoo.com/info/terms/
> >
> >
>
>
> To unsubscribe from this group, send an email to:
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>
>
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>
>
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Attachment:
Description: "5ADVOL.gif"
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