|Sent on:||Wednesday, January 30, 2013 11:23 AM|
I do not see the 28th action as a Stall Day or a distribution day-neither does Scott O’Neil per his monthly update yesterday. Though the Big Picture and LeaderBoard declared higher volume on the NAS, both MarketSmith and The General Markets IBD charts do not show increased volume. I have asked IBD for clarification and will let the group know when I get an answer.
Seattle and Eastside IBD Meetups
anyone can explain please,
how can yesterday be a distribution day for Nasdaq and today is not
yesterday IBD wrote:
Volume ticked up on the Nasdaq. The higher trade and price action indicated stalling action. Stalling is a form of distribution.
and today they wrote:
While the Nasdaq lost ground in higher turnover, its slip was too small to count as a distribution day. So the tech-laden index's distribution tally remains at six, an elevated level.
Does yesterday look worse than today action, in price move or volume? If yesterday can be considered as distribution, then how is today action i different?
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