Nuvo Research Inc Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Nuvo Research Inc

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Cal Gary who wrote (6112)	12/10/2000 10:50:35 PM
From: Joe Krupa	Read Replies (1) of 14101

CalGary "To all TAs: Did you guys look at the accum/dist line on DMX dailies for 1 year yet?? No comments so far. Check it out!!" I have to echo Wolf's comments on this. I have looked at the A/D line on both the daily and weekly chart and can only see one main thing stand out. That is that the line IS confirming both the direction AND magnitude of the price movement. At its most basic definition, the A/D line is a measure of conviction, or lack thereof, underlying the price movement. Even without looking at the line, it's been pretty obvious that the move in the past couple weeks has been with a nice degree of conviction. Another thing I noticed on the daily chart is that the down trend since June 1, was not confirmed by the A/D line, until the breakdown below $6 on TD selling (even then not in step with the magnitude of the price decline). On the weekly chart, we are now at an all time high, possibly indicating that the movement here is real and that the market has essentially given its imprimatur. If there is something important that you see, that I don't, please let me know. I continue to learn and would love to hear your take on this. Joe

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next