News Focus
News Focus
Followers 4
Posts 251
Boards Moderated 0
Alias Born 07/08/2002

Re: Zeev Hed post# 311364

Tuesday, 10/19/2004 9:37:02 AM

Tuesday, October 19, 2004 9:37:02 AM

Post# of 704041
Zeev,

So one day 90 point gain would make the top unanimous.

I'm with you. The NASDAQ's distribution doesn't support a breakdown from here (breakdown = 5 distribution days in 3 weeks, 5th day being major distribution). One day of major distribution on the S&P500 or the DJIA in the next 2 days could spell trouble for them, though:

Distribution count (major distribution in []):
NASDAQ: 2 ( 10/12, 10/13 )
S&P 500: 4 ( 9/30, [10/7], 10/12, 10/13 )
DJIA: 4 ( 9/30, [10/7], 10/12, 10/13 )

-David

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today