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To: Hank who wrote (278)1/19/1998 1:58:00 PM
From: Kailash  Read Replies (1) | Respond to of 1205
 
Hank -

Thank you for the response. Could you give a shot at trying to explain to me what exactly Telechart 2000's Balance of Power and Money Stream indicators measure?

Naively, I thought the price of a stock was a pretty good measure of whether money was flowing into or out of it. How can more money flow into a stock than is exiting it, without making the price go up? I would appreciate understanding this, since accumulation at low levels is a great sign of future price appreciation.

It will be interesting to see what happens tomorrow; apparently Asian markets have been booming today.

Kailash