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Re: Giants973 post# 114009

Friday, 09/22/2017 10:26:30 AM

Friday, September 22, 2017 10:26:30 AM

Post# of 203912
Doubt that the longs are dumping when they've had plenty of time to sell way higher if they wanted to. Look at the accumulation/distribution line since July 10. All the "bashers" say charts don't lie and I'd tend to agree unless there is news that changes the chart. Yes it may still drop lower but per the interpretation of accumulation/distribution "If a security's price is in a downtrend while the accumulation/distribution line is in an uptrend, the indicator shows there may be buying pressure and the security's price may reverse." Look for a reversal at some point in the future. I can't tell you the exact time frame of when that will be but it will reverse up strong when it does.