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Strategies & Market Trends : ZITL, best stock for traders
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To: Haolin Ni who wrote (10)3/16/1997 12:04:00 PM
From: M. M. Jones   of 26
 
I have been reading www.iqc.com. Yes, I got info on MACD, RSI. Still don't know what OB in OBV stands for. I looked at the Alpha Chart on Zitel, and the OBV graph has been positive since (probably) the beginning of its move up @ September/October and did not show much variation through the large pops in volume and then the decline in volume in December-January. So what does OBV indicate?

I like to see where the indicators are in the charts. It tells me something about the market psychology. You have said (if I remember correctly) you see strong bullish indicators that mean to you some large investors are bullish. At first glance that is not apparent to a non-chart-reader. (For instance the price did not hold above its 50 day moving average on Friday; so what do you see that indicates large investor interest?) I'd like to be able to read the charts well enough to at least see what you are talking about on that.

Thanks,

M.M.
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