Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: bobster who wrote (12268)	2/20/1998 4:11:00 PM
From: JZGalt	Read Replies (1) of 95453

<<Wow, OBV's and MACD's. I'm just not that smart.>> Doesn't take much of a brain to look at a chart. Now I'm sure I just PO'ed a number of people with that crack. ;-) Anyway let me give you the 25 cent tour. If OBV is starting to go up then a larger fraction of sales are at higher prices than the previous sale. This might be an indication of money "hitting the bid" in order to buy into a stock vs. trying to wait. Money flow does what you would think and MACD with a long set of short and longer term oscillators just keeps you from buying tiny dips on the way down. If you look at your methodology, then make these simple checks, my guess is your ratio of winners to losers will increase. No promises, but it couldn't hurt to look. ---- Dave

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