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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Slava Chechik who wrote (3619)	1/11/1999 8:33:00 AM
From: donald sew	Read Replies (1) of 99985

Slava, WOW, the OBV fell dramatically on NVLS. I then took a look at other equipment makers and TER & LRCX had similar charts, but AMAT did not. The common rule on the OBV is that if the OBV drops while the price of the issue rises, it implies that a sell-off is forthcoming. If you look at TER, the OBV dropped about 2 weeks ago and the price did drop a little but has recovered and set a higher high. However the OBV still has a huge divergence from price. Seeya

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