Monday, August 09, 2010 9:25:37 AM
I was just looking at the accumulation distribution chart on my TDA account. WOW! The number stands at 1.21 billion...yes, thats billion! The interesting thing is when you mesh it up with the RSI (yes, I know, not a typical analysis, but I have done that before with good results!) it shows a relitive "flat line" even during the accumulation. In contrast, the accumulation has been building steadily. Yes, I know you're asking yourself OK, where the hell are you going with this? Well, it would be a strong indication of a swing in momentum. I wish I could give a time frame on that but unfortunately I can't...however, it should be very soon. The only thing I can say is there has to be an adjustment in some way, shape, or form...and it's coming!
By the way, to end the back and forth going on about A/S and O/S... A/S is 5 billion. O/S is 2.4 billion. A/S is the amount of total shares a company has...O/S is the amout of shares that are floating on the market weather owned or unowned, restricted or nonrestricted.
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