Tuesday, April 24, 2007

Distribution Days 4-24-07

Wow, I haven't been paying attention to the distribution days (as measured by IBD). Here is the current count.

4 for the Nasdaq
3 for the NYSE
2 for the S&P 500
2 for the Dow

Remember, 4 or 5 distribution days in under 4 weeks is very often a warning that institutional investors are selling.

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