Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Hands Off who wrote (2710)	8/1/1999 6:39:00 PM
From: DanZ	Read Replies (2) \| Respond to of 10293

Marshall, I get money flow volume from IQ charts. Unfortunately, the free site at iqc.com doesn't provide money flow. The monthly subscription is about $18 and is well worth it if you trade a lot. You can also add real time data if you pay the exchange fees. I get money flow in dollars from my quote program (PC Quote for Windows). You can't draw a conclusion from one day's data, but generally, it's a bullish divergence when the price goes down on positive money flow. You have to look at it in the context of other indicators and where support is likely so I wouldn't rush out and buy a stock every time you see this divergence. Conversely, it is generally bearish if money flow is negative as a stock rises because this indicates distribution into the rally. Again, you have to look at where resistance is likely and the condition of other indicators, so I wouldn't jump into a short position based on the money flow divergence alone. My data shows that GNET had money flow of -85,800 shares and negative $5,575,734 on Friday. The stock is close to where I would expect support, between 49 1/2 to 55, and the stochastic and DMI are oversold. This might be a good one to buy for a bounce soon. I have been using technical analysis to trade stocks and commodities for about 17 years. During this time I have developed my own rules and strategies for using several technical indicators. The indicators that I use most often are bollinger bands, money flow, and volume. I also use stochastics, RSI, DMI, and MACD, but to a lesser extent. I think RSI, stochastics, and MACD work better with the trend and I prefer to use the DMI as I explained earlier. You might watch the DMI and see if you like it as a counter trend indicator. Best of luck, Dan