Conseco Insurance (CNO) Message Board

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Non-Tech : Conseco Insurance (CNO)

CNO 41.49

+1.2%

9:42 AM EST

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To: Kevin Podsiadlik who wrote (1677)	7/10/2000 11:49:31 AM
From: Tunica Albuginea	Read Replies (1) of 4155

Kevin, keeps lookin' goood! ( technically speaking <vbg >; Looki this Kevin: OBV rising this AM while stock was falling!!! Old Joe Granville's contrarian indicator !!. Very bullish!!! On Balance Volume (OBV) OBV is a very popular indicator developed by Joseph Granville and is a running total of volume that reflects accumulation or distribution. Each day's volume is assigned a positive or negative value depending on whether prices closed higher or lower that day and a running total is kept by adding or subtracting the volume depending on the direction for the day. The direction of the OBV line is the thing to watch not the actual level. This indicator will often confirm underlying strength or weakness of a price trend and will often signal a top by declining while the stock is still rising, indicating big money is leaving the stock. Conversely, a rising OBV in the face of a declining price trend or an OBV that refuses to confirm a new stock reaction low could indicate smart money is moving in and a bottom may be at hand. . . . And here is our CNC . askresearch.com OBV sharply ( looks better on my eSignal ) rising at 11 AM while price was falling. Lot's of green(volume) = buying too.... Ask has moved up on low volume. 50000 shares just moved at 9 21/32: you know Kevin that this is either some cheapskate Institution trying to get it for nothing, or, even a desperate short trying to cover, just my 6th sense Kevin. Ask now up to 3/4 even as we speak. Don't you love it? :-)) TA@TecnicalAnalysis101.com

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