Saturday, November 13, 2010

Friday Nov-12-Wide Range Bearish Day-Review

The simple definition of a "distribution day" is a down day on higher volume than the previous day. Some investors pay attention to these days because when a number of them occur over a short period of time, it flashes a potential warning sign of a near-term top in the market.
The Volume on the ES was 55% less than the previous Inside Day and is the highest volume of the last TEN Days. To keep it in proper good logical perspective, it is 16% more than Tue Nov 09  an Outside Bearish Day and 15% more than Wed Nov 03 FED Day, a very bullish Day.
Will do more research on that subject.

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