David,
Where did you get the distribution count data. It is interesting and wondered if you had a link for it. TIA
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 )