Monday, September 13, 2010 4:02:07 PM
As for your point regarding buys vs. sells. Here's your 101;
If there were 50,000 transactions in one day, there would need to be both 50,000 buyers and 50,000 sellers in order to balance the transaction. So, how do you tell which direction the market is going. You look at the accumulation vs. distribution.
In our case here, we have watched increased accumulation occur, an upward moving direction on the chart. This is a bullish signal.
If we were to witness distribution, or a decidedly downward moving line on the chart we may assume that the sellers outpaced the buyers or that if volume was high enough, that perhaps there was dillution occuring. This was not the case, and has not been the case here at any point in recent history.
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