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To: David Sirk who wrote (1193)12/2/1998 4:47:00 PM
From: Roman S.  Read Replies (2) | Respond to of 1236
 
Here's something I found about OBV indicator on a different thread.

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To: Kevin Hamlin (1389 )
From: AL Monday, Nov 23 1998 2:13PM ET
Reply # of 2740

Here is a quote from the book TRADERS GUIDE TO TECHNICAL ANALYSIS:

" every time a stock turns over its entire capitalization, it's like a giant spring getting tighter and tighter. When the OBV approaches 100% of capitalization, the spring will snap and the price breakout will be significant. If the stock is in a general uptrend, it will signal a sharp advance."