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Re: loudness post# 263500

Wednesday, 09/12/2007 10:08:51 PM

Wednesday, September 12, 2007 10:08:51 PM

Post# of 315347
What gives is I figured out for myself what exactly the accum/dist line means in pinks. And you know what I determined. It means squat, as in jack crap, nadda, nil, nothing. Why? Because of painters. Every time a stock is painted to the HOD it POSITIVEly affects the Acc/dist. The formula doesn't even consider the prior days closing price. Example.....previous close .0005. Current days range .0002 to .0003 with a close a .0003 has a POSITIVE affect on accum/dist. Does that makes sense? NO. So for months BKMP was painted, every day, in and out. Completely throws out the accum/dist line.

And I will admit, I spoke positively of the accum/dist line. But after learning the true formula, no longer rely on it in the pinks.




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