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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?

To: da_cheif™ who wrote (567)	3/15/2001 5:03:10 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 8150

>>comon think about volume on a cumulative basis zigin and zagin...if one zig exceeds a previous peak it gets an UP... and vica versa....<< Okay Cheif....! Your answer wasn't what I expected....? My problem, but with some help I've seen the error of my ways. <smile> "Breakout" calculation...Here's what I'm doing...! Using: 1]-- Per Penny Volume (not pure volume) 2]-- Additions and Subtractions are kept within a single day 3]-- Each day carries it's own OBV Questions: At the end of each day's calculation, do I end up with one figure which is either plus or minus and which represents the on balance volume per penny of the total of all 30 DOW stocks? When you say a breakout occurs when the number moves above the previous peak, what previous peak? I thought it was a breakout when the number finally turns plus or finally turns minus, I'm confused? Do I Get It....? Next Post is an Example

To: da_cheif™ who wrote (567)	3/15/2001 5:11:33 PM
From: Chip McVickar	Respond to of 8150

CLX INDICATOR Date: 3/7/2001 Page: 2 SYMBOL VOL PER PENNY BREAKOUTS HON +118,935 AA +34,262 JPM +31,863 AXP +34,229 219,289 T 498,281 -278,992 <breakout DN JNJ 17,382 -296,374 INTC +540,505 244,131 <breakout UP DD +29,906 EK +11,724 XOM +84,684 GE +248,027 GM +12,957 631,429 SBC 37,679 593,750 KO +81,951 IBM +50,251 CAT +14,276 IP +21,656 761,884 MCD 84,527 677,357 MRK +26,428 MMM +21,476 BA +17,644 MO +75,683 818,588 PG 36,164 782,424 HD +37,446 HWP +298,980 MSFT 238,974 DIS 242,588 UTX 14,193 WMT 47,130 C 54,992 1,716,727 <total day UP <OBV for Day