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Replies to post #118 on PriceTeam

Replies to #118 on PriceTeam

PriceTeam

05/06/09 5:22 PM

#119 RE: PriceTeam #118

MrNat. and All: The reason for the extreme reading on this indicator (and a few others such as the ChiOsc) is that it includes volume in the calculation. If you look at the volume levels at the bottom of the chart, they are completely out of proportion with historical readings.

I have seen one study that shows extreme volume readings are associated with long-term market tops. We will have to see what happens in this case.

Ted

Rain Rider

05/07/09 9:12 AM

#122 RE: PriceTeam #118

I'm not familiar with the Accum/Dist indicator but the charts in the last 3 posts certainly demonstrate a very unusual situation! This has not been seen in years!

Would you mind explaining this indicator and why it is so far above the MA?

Also, would you elaborate on your comment about "one thing of any significance went wrong in the world"?