Identix (IDNX) Message Board

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Technology Stocks : Identix (IDNX)

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To: Buck who wrote (10066)	8/26/1998 10:28:00 PM
From: steve	Read Replies (1) of 26039

Buck, a couple of possible positives... only the positives are posted here. Go to the link for the rest of the story... From stkwtch.com MF = 34 MF Direction = UP MFI (Money Flow Index) The Money Flow Index tracks the flow of money into or out of a stock. Readings below 20 indicate that a stock is Oversold, a short term bullish condition while levels above 80 suggest an Overbought bearish condition. The Money Flow Index is calculated over a 14 day period. On Balance Volume = BL (bullish) OBV (On-Balance-Volume) The original theory of On-Balance-Volume (OBV) was developed by Joseph Granville. The basic assumption underlying the method is that the marketplace is divided between "Smart Money" and the "General Public." Smart money accumulates stocks at low prices and distributes it to the general public at higher prices. The OBV technique is an attempt to uncover smart money's hidden accumulation and distribution patterns before significant price movement occurs. OBV is computed in the following manner. If a stock closes up for the day, the total volume for that day is considered to have been Buy Induced and therefore the stock is under accumulation. Conversely, a stock that closes down for the day is regarded as having been under Sell Induced pressure and the trading activity is considered to have been distribution. The volume on Up days is totaled against the volume traded on Down days. The net is a running total of OBV, and is either a positive which is bullish (BL) or negative, a bearish (BR) condition. "Second Opinion" calculates net OBV totals based on trading activity during the preceding 50 days. steve

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