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Technology Stocks : VALENCE TECHNOLOGY (VLNC)
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To: I. N. Vester who wrote (2439)3/18/1998 9:55:00 PM
From: Larry Brubaker  Read Replies (1) of 27311
 
IN: bigcharts.com describes the Money Flow Indicator as "attempts to measure the amount of money buying a stock vs. the amount of money selling a stock. It does this by assuming that when a stock closes higher than its open, all volume associated with that trading period results from buyers. It further assumes that when a stock closes lower than its open all volume associated with that trading period results from sellers. Although these assumptions are overly simplistic, money flow can be a useful indicator when analyzing the general buying and selling pressure on a stock."

So, given this definition, today was a negative day for Big Charts Money Flow Indicator for Valence since the stock closed lower than it opened. I would assume that Telescan has a different definition for money flow in order to generate a sharp uptick in the indicator today.
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