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Re: [RT] MKT - OEX price distribution



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Notice that during the downtrend the distributions had a "b" shape.  A good
read on Market Profile is by Robin Mesch in the book "New Thinking in
Technical Analysis".  Chapter 5 "Reading the Language of the Market with
Market Profile".

bobr

----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, November 05, 2001 5:35 AM
Subject: [RT] MKT - OEX price distribution


> Attached is monthly Price Distribution Activity Bar for the OEX.  First
data
> for November has a "p" bullish distribution.  October has a distribution
> skewed slightly to the bullish side.  October high at 571.48 only 11.5
> points away from Friday's close.  Above that is a multimonth down
trendline
> which for November terminates at ~577.  If there is going to be a downside
> reversal or a breakout those would be the higher probability levels.
>
> bobr
> http://www.oextrader.com/sigma_trader
>
>
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