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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Dubsky who wrote (1571)	12/6/1997 3:02:00 PM
From: Matthew Leo	Read Replies (1) \| Respond to of 27311

Regarding acc/dist - There is not an absolutely foolproof method of determining whether each and every trade was a buy or a sell - yet available to me/us. The best I can suggest is to watch (and graph) each tick and compare it to the bid ask AT THAT MOMENT. Errors are still possable due to late trade reporting. This subject is obviousely quite helpful to chartists. I believe Joe Granville was the first to quantify this market activity with his On Balance Volume (OBV). regards