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The key is not that you have a sell indicator and you are making the
assumption that it signals distribution and not accumulation. This fact will
not be until we see how the price retracement acts. If it takes out the
current low it can be classified as distribution, but if the current low holds
and a stong up move happens, then it becomes accumulation. Is the glass half
empty, half full or is it just to big? Ira
BobR wrote:
> 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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