Hi, Cal -
I note you are an occasional poster on Cush's thread. I have a question for you, and any other poster that uses Canada Stockwatch.
I'm seeing an anomaly in daily and monthly OBV as reported on their Java charts.
Tracking today (17th Jan) OBV on the real-time Java chart, OBV at the last trade was -10,325 ie., 10,325 more sold, than bought.
Reading OBV on the Java one-month historical chart, two things to note:
1 - OBV for the month is UP strongly - indicating accumulation (ie., more shares bought than sold) - OBV as of 2 Jan is +268,386 (!) and as of 17 Jan is +464,084.
2 - OBV difference between 16 and 17 Jan on the monthly Java chart shows [(464,084) - (381,669)] = +82,415
Therefore the monthly historical Java chart is showing OBV of +82,415 on the 17th, and the daily Java chart is showing -10,325 on the same date.
Furthermore, the monthly OBV strongly suggests accumulation. This is (duh!) the opposite of what the Accumulation/Distribution lines are saying.
Something is wrong, here. Does anyone have any ideas?
Is it related to the Three A's short sales? Are they not being reported in monthly OBV?
Regards,
Jim |
