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Strategies & Market Trends : A Simple List of General Do's & Dont's of Trading: -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Tang who wrote (628)	6/5/1998 9:45:00 AM
From: Peter Lochowicz	Read Replies (1) \| Respond to of 769

>>>>> How to read Yahoo big one day chart? If you are looking for overbought or oversold info; add all the buy trades and subtract all the sell trades. The "on balance volume", thus calculated, gives you the extent of the overbought or oversold. But, in general, if you see more buy trades and the price pulled back, then the brokerage handling the trades had overbought condition. Arthur, Could you elaborate using specific examples? Let's take, for example, the big 1-day chart of BA or MSFT. Can you tell me how many buy trades you see, and how many sell trades? Can you tell me the value of "on balance volume" for the day? Please be as specific as you can. Peter