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Here is a shot of Mel Widner's Price Distribution Function (right side)
with Mobility Oscillator (overlay on NYA candlesticks). The chart on the
bottom is my own Variance of Population indicator.
On Sat, 13 Oct 2001 16:00:09 -0400 Don Thompson <detomps@xxxxxxxxxxx>
writes:
> 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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> >
> >
> >
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> >
>
>
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