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Strategies & Market Trends : The Player's Club

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Nov 28 4:00 PM EST

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To: GROUND ZERO™ who wrote (1440)	11/23/1999 12:40:00 PM
From: John Pitera	Read Replies (1) of 11513

I have Granville's "New Strategy of Daily stock market timing for Maximum Profit" that I bought in 1982 or 83. He had groundbreaking working on using volume in stock timing, what the OBV was , OBV as a % of mkt cap. Cummulative Volume, Velocity, and his Climax Indicator. On the Climax Indicator he wrote " to compute the Daily climax indicator, all the on-ballance volume breakouts for the DJIA are counted each day and the net figure constitutes the Climax indicator." I believe that when the Climax indictor had a new breakout up in number it showed a strengthening mkt and the inverse as well. I recall him having some good calls using his climax indicator. thanks for mentioning the OBV it has had me look at this book again for the first time in several years. I may play around with a climax indicator on the top 25 Nasd market cap stocks for grins, I'll let you know if anything interesting turns up. John

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