Saturday, November 12, 2005 3:17:18 PM
60 min summations. Green is the volume summation. Notice how when its trending up there is accumulation. When its trending down, is distribution. The actual price top/bottoms are delayed a little as momentum caries them further.
Looks like the accumulation peak has been hit for this round of the rally and the distribution is in progress. It has curved up a little by the close on Friday, but my guess is that it will lead to a lower peak and any price rise from here is shortable.
The yellow line is A/D summation.
Looks like the accumulation peak has been hit for this round of the rally and the distribution is in progress. It has curved up a little by the close on Friday, but my guess is that it will lead to a lower peak and any price rise from here is shortable.
The yellow line is A/D summation.
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