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To: Tim Fierro who wrote (77)	2/12/1998 7:11:00 PM
From: ftth	Read Replies (2) \| Respond to of 237

Hi Tim, re: << wondered if it might not be a prudent idea to disregard a certain amount of volume in a calculation if the volume was such that it did not move price a certain percentage? >> I've been thinking about that too. I was thinking of comparing the prior day's 5-day VLC line (for example) to todays prices, and only considering the portion of today's range that lies outside the VLC(5) line as having any net volume significance. Seems reasonable to assume that prices which lie within the 5-day VLC line would be "matched" on the buy and sell sides for zero net (i.e. not enough buying or selling pressure to show any real price thrust in either direction). I remember reading an article that studied accumulation/distribution and concluded that on average, no net accumulation or distribution occurred 65% of the time (that % may be wrong--it's from memory; I'll try and find the article). Reminds me, another article I read talked about price breakouts correlating to complete turnover of the float (based on cumulative accumulation/distribution numbers). Have to try and find that too. dh

To: Tim Fierro who wrote (77)	2/13/1998 11:24:00 PM
From: ftth	Read Replies (1) \| Respond to of 237

Hi Tim: re: << I was interested in your VLC calculations and tried to duplicate what you were trying to post, yet I did not see how you were using it as an evaluation/plot. Care to send me your excel spreadsheet on this so I can see the formulas and what they are trying to do.>> I put the excel file on my website: geocities.com Under the "documents" section, called blendcan1.xls. It's a multi-sheet workbook, and one of the sheet tabs is labeled "help info." It's far from a crystal clear explanation since I didn't intend it for public consumption, so if you have specific questions about it, ask away. This just describes how to use the file, not how it's computed, but the VBA code is there (not very well commented--shame on me). "One of these days" I'll elaborate on the details. dh