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To: Andreas who wrote (78573)	2/21/2000 12:18:00 PM
From: The Duke of URL©	Respond to of 97611

The only definition of money flow that I have seen is the difference between the value of a trade made at the asks and the value of a trade made at the bid price. The assumption, however correct, is that a purchase at the ask is inflow and a purchase at the bid is outflow.

To: Andreas who wrote (78573)	2/21/2000 12:18:00 PM
From: Andreas	Read Replies (3) \| Respond to of 97611

Correct definition of money flow. Where msninvestor goes astray is by simpling multiplying the total volume for the day by the change in price for the day. The correct way is to take up volume during day(volume on upticks) and subtract down volume during day(volume on downticks). This is the money flow for the day. This money flow for the day may be either positive or negative irrespective of whether the stock closed up or down for the day. In other words, down volume may exceed up volume in any given day even though the stock price closed up say 1/16.

To: Andreas who wrote (78573)	2/21/2000 12:34:00 PM
From: Piotr Koziol	Read Replies (2) \| Respond to of 97611

Andreas, ideally I would like the MF to be monitored on a trade-by-trade as the most accurate, actually only then it is measuring "by definition" where the actual money is flowing !!! In this situation this real, true MF might be going up, when there may be a few bogus trades at the end of the day which will bring the price down suddenly, affecting the msn's inaccurate definition which in my view is pretty useless... The question is, does anybody provide the capture of TRUE MF? /Piotr

To: Andreas who wrote (78573)	2/21/2000 12:34:00 PM
From: PerryA	Read Replies (1) \| Respond to of 97611

To put it yet another way - explain how money flow can drop on a day when the stock price goes up, if in fact money flow is defined as msn investor defines it "volume times change in stock price". According to the provided definition, you are correct that price and money flow must move in the same direction on any given day. But over two or more days, they can move in different directions if, for example, the price goes up on high volume and the next day falls on light volume. PerryA