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To: Mike Sawyer who wrote (2889)9/17/1998 11:40:00 PM
From: Mike Sawyer  Read Replies (1) | Respond to of 5847
 
I got to thinking that some people may not understand the "on balance volume" indicator so here is the definition...

Definition

Pioneered by Joseph Granville, on-balance volume is calculated by adding volume to the previous value when the stock price closes higher than the previous price, and subtracting volume from the value when the stock closes lower than the previous price.

Interpretation

If the stock falls to a new low and the on-balance volume line does not, the indicator is interpreted as positive (bullish divergence).

If the stock rises to a new high and the on-balance volume line does not, the interpretation is negative (bearish divergence).

Disclaimer

Be aware that technical analysis is not foolproof and frequently produces bad signals. They should not be used as an automated buy and sell program but as
a tool to enhance your probability of holding winning stocks. All technical analysis is based on mathematical calculations and, as such, no investment
decision should be based solely on its conclusions.



To: Mike Sawyer who wrote (2889)9/18/1998 9:56:00 PM
From: R. C. Bott  Respond to of 5847
 
Off Topic: Mike, Send me your e mail address. had to reload my mail prog. and lost ALL of my address book.

thanks, ron



To: Mike Sawyer who wrote (2889)9/21/1998 11:38:00 AM
From: brad greene  Read Replies (1) | Respond to of 5847
 
Mike,

Off topic?.....Do you recall which MM was selling us all of those shares in the good old days? Just curious.....very curious, in fact.

Is there any way to find out for sure if these shares were sold? Can the MM be questioned?....or must report in 3 days...or something like that?....Any broker types out there?....How does this work?

bg

ps. Market sells this morning could have been due to the return of Orgas....they were not large....but it would seem the BANY MMs were ready to clip them......and the MMs at the Orgas hit stock seem to be ready too....tough way to "make money" these days.