Westfort Energy Ltd. (WT-T) Message Board

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Gold/Mining/Energy : Westfort Energy Ltd. (WT-T)

WT 11.80

+0.6%

2:41 PM EST

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To: Tom Drolet who wrote (675)	6/28/1998 3:03:00 PM
From: floj	Read Replies (2) of 1288

Hi Tom: Basically On Balance Volume (OBV) is a running total of volume that shows whether money is flowing into or out of a stock. More money has been consistently flowing into rather than out of WT for over a year now. If they have the goods the money will continue to flow into WT and obviously if not then the pattern in the flow of money will reverse. The OBV allows you to detect any changes in pattern to the flow of money, and for this reason I believe it makes it an important indicator. Flo J

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