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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: DanZ who wrote (2695)	8/1/1999 5:32:00 PM
From: Hands Off	Read Replies (1) \| Respond to of 10293

Dan, thanks for your response. PLMD aside, where do you get your money flow statistics? I use Qcharts and it is available on the quote sheet so I presume it is daily. But I would be interested in weekly statistics also as I try to understand it better. Right now it is a black hole for me. For example, money flow on Friday for GNET was very strong but the stock was down 5 points. It was very week for PLMD but we were up a tad. I am presuming money flow is a leading indicator. If I may ask, do you use money flow on a regular basis and if so in conjunction with what other indicators? I agree that MACD and DMI are trend following. Based on the MACD the time to have entered PLMD was in early June or early July. The slope of the MACD Histogram is now turning down and the Stochastic is overbought so it pays to be cautious. BTW I have never seen anyone explain DMI the way you did. I don't use it that way as I rely on the slope and direction and not the absolute numbers. I want to see the +DI cross the -DI to the upside (+DI on top) and the ADX turn up also. Then if OBV is turning up or has already turned up I start to pay real close attention. But I am just getting started with these indicators so I don't have a lot of experience. I also work in 2 time frames - both weekly and daily. If they are looking the way I want then I try to time my entry on the 5 minute chart if I am short term or just the daily chart for longer term holds. I also agree that you must know if you are an investor or trader and what your time frame is. Like I said I am trying to learn and being unsure try to rely on multiple sources of information. I was using IBD rating to try and determine risk, my logic being that if the PE was low - 10 - and the RS is above 90 and the triple A rating then my downside was limited. From a TA standpoint I see strong support at 10 but because of the IBD rating felt we would not get there. OTH, since we were at a new high I did not know what the upside was. Well, good luck with your investments. Marshall