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Hey Cabbie, I found this elsewhere and thought it a great...

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Hold Fast

825 Posts.

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14/07/18

22:32

Post #: 34348998
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Originally posted by Cabbie ↑

Thanks @Hold Fast - I'll open that link in a sec. but while it's fresh in my mind what made me think of "distribution" was an off the cuff remark by a trader yesterday - a share had experienced an upthrust and in two successive hourly bars was showing narrower spread (but down) and smaller volume with some upper shadows, anyway the remark which puzzled was " it's a buy, that's low volume acumulation" - I immediately thought "no" -- but I would never get involved in an argument over that one and it will take next week to see the result!

Then I thought that David Weis has a chapter on absorption but not accumulation or distribution as such.

Thanks for that - but I did notice a magic phrase you used " what's not taking place" - worth remembering I think..

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Hey Cabbie,
I found this elsewhere and thought it a great representation of Distribution Wyckoff style, one I hadn't seen before, cheers

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