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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (11378)	7/26/2001 9:57:37 PM
From: Ibexx	Read Replies (2) \| Respond to of 12623

Grace, You missed the point entirely. One of the wide recognized strategies by TA folks is to look for divergence between money flow and price action (or OBV vs price action etc) as an entry or exit point. I was referring to an apparent divergence. Ibexx

To: GraceZ who wrote (11378)	7/26/2001 11:04:13 PM
From: MIKE REDDERT	Read Replies (1) \| Respond to of 12623

<The only way to get an accurate money flow measure is to use "every trade" and almost no one does that because of the sheer amount of data that needs to be crunched> Hi Grace... Your "accurate" indicator gives you a quantitative picture of when professional "elephants" are tiptoeing in and out of the market... and that's one piece of the puzzle. Technical analysis will predict the behaviors of a different group of traders. So, rather than blast every person that mentions the dreaded "stochastics" or the "Macd", why not make note of what they are following and add it to your system. The value of these indicators is in what they cause people to do. Who knows... maybe some of your "elephants" give due consideration to these little bands of traders that ride the backs of stochastic curves... I suspect they do, when possible. Mike