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Politics : RAMTRONIAN's Cache Inn
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To: Lou who wrote (2827)5/12/1997 7:31:00 AM
From: gammaray   of 14464
 
Lou, This post has good info for NightOwl as you suggested:

hi NightOwl,

I agree. The charts look absolutely pathetic. The popular indicators as well as the TC2000 proprietary Bop and Moneystream look sickly (although Moneystream is shaping up).

There is, however, one indicator that challenges all the others and that is your old favorite Time Segmented Volume or TSV. TSV was designed to measure the inflow/outflow of money in a particular stock. I also use Omega Supercharts to chart stocks. Supercharts is a better all around ta program and is cheaper to use than TC2000. I dole out the extra scheckels solely for the use of TSV, Bop and Moneystream.

I have backtested TSV (manually I might add) to see whats going on. I have applied various short and long term time intervals and the reading always confirms a bullish posture. In essance, the price is making lower lows as shown in the following.

date............................stock price
11-4-96......................7 3/4
12-31-96....................6
5-6-97........................5 3/8

TSV on the same above dates connects a stable trendline with an upward bias. This is a sweet looking "positive divergence" and bodes well for the stock price.

Here comes the eerie and aery part (By the way, where is Goldie for my .lady slipper routine?). It takes me back in time to when I first invested in rmtr. All the popular indicators were all over the place. Bouncing off the top of the channel then bouncing off the bottom along with the price. The TSV just kind of held steady right around the 0 line. Months went by, the TSV just held steady around the 0 line. I began to lose faith in TSV as the price slid down to $3 or so or maybe less. All tech indicators collapsed but TSV just kept hanging at the 0 line in a very steady pattern. Then one day Puff the magic dragon down by the -oh, I'm sorry I lost my place. Oh yes, TSV shot up and the price topped out at 15.

Neil

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