As the Dow continues to move higher, trading should be monitored for an increase in very large block trades during the remaining trading days of October and first week of November. Depending on the trade size and distribution pattern from Market Maker activities, it could be followed by a significant decline that would be similar in size to the decline of 2022. Accumulation and distribution patterns by Specialists (currently known as Designated Market Makers) are discussed in Richard Ney’s books shown in the Engrbytrade reference section.
Intermarket structural analysis research