Quote Originally Posted by mscott View Post
Shawn,
You have an eagle eye.
Tuesday was a stalling day on the NASDAQ.
I like your restating the rules this way. Indeed we count the first stall day and then we wait for more real distribution before counting another stall day. We would need three real distribution days to count another stall day. I know there was a debate about how to handle the case of price down between 0 and 0.2% which is too small to call distribution, whether it was possible to call any of them a stall day. They said no.
Thanks Mike.

So, we have had 3 real Distribution Days on $COMPQ, but 2 have fallen out of the Distribution Count because $COMPQ exceeded the closing values on each of the 2 DD's by +6%. Nonetheless, we still keep the stalling score based on all 3 DD's - interesting.

Intuitively, I would have assumed that we only need to track the DD's that were still being counted in the Distribution Count and not the ones that had fallen out.

Thanks,

Shawn