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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: moorso who wrote (2549)	5/11/2002 10:54:38 PM
From: Smooth Drive	Read Replies (1) \| Respond to of 207521

We look at the daily change in price, up or down (+ or -). And then begin manipulations with volume. It's its strength, and, I think, its major weakness. The OBV is very useful, but it too only looks at the close; up or down, (+ or -). Say a stock opens a buck below yesterday's close. Then, on strong volume, closes up 98 cents from the open. With OBV and the current clx, this is a down day. A negative volume day. I don't think so. Or, a stock opens a buck above yesterday's close. Then, on strong volume, closes down 98 cents from the open. With OBV and the current clx, this is an up day. A positive volume day. I don't think so. I believe Chaikin's work took volume and price a number of notches above the OBV. I've substituted his accumulation and distribution formula in one clx ss and his money flow in another. Keeping all other aspects of the clx the same, the signals appear much much better. Try it and see what you think. Eric

To: moorso who wrote (2549)	5/15/2002 1:42:08 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 207521

So we have a double and triple tops here in the early afternoon 15min charts...! With the higher lows I'd say we bracket higher for the day. >>Arcadia National Park is a pure natural beauty. << I plan on going in fall, skip the bugs and the people. I've seen a fair amount of the Maine coastline, but only Bar Harbor at night for a contra dance. Plan on hiking and walking over the many trails Arcadia has to offer. Almost made it there last year but canceled after Sept 11th. Spent the time getting my 20 year old nephew out of Manhattan. He'd just walked out of a subway on his way to a Lehman Bros. orientation meeting and heard the second plane hit..., and then watched the first tower fall. Talk about having a signature event early in one's life....! But he seems okay today...! Thanks for the lobster tip. Chip