Hi MM,
Nasdaq today dropped 2.3% (40+points). CNBC.com indicated Tue's volume to be 662million vs 632million on Monday, which seems to suggest that a distribution day is logged.
But IBD indicated that volume is lighter so no distribution day recorded?
Is it because IBD uses average volume of last XX days? My understanding of distribution day is when the day's volume is more than yesterday and index down >0.4%. Can you please help to shed some light? thanks!
Also out of curiousity - why IBD (after putting it on "My Stock Lists") do not indicate volume and volume % change for Dow and S&P but only Nasdaq?