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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Slava Chechik who wrote (3619)1/11/1999 2:29:00 AM
From: Compadre  Respond to of 99985
 
Slava Chechik: <<<look OBV on the chart of NVLS>>> My charts do not show the same dip. I think there is a problem with that chart.

Jaime



To: Slava Chechik who wrote (3619)1/11/1999 7:20:00 AM
From: Debra Orlow  Read Replies (2) | Respond to of 99985
 
Slava, I also think IQC screwed up. Check out
equis.com



To: Slava Chechik who wrote (3619)1/11/1999 8:33:00 AM
From: donald sew  Read Replies (1) | Respond to of 99985
 
Slava,

WOW, the OBV fell dramatically on NVLS. I then took a look at other equipment makers and TER & LRCX had similar charts, but AMAT did not.

The common rule on the OBV is that if the OBV drops while the price of the issue rises, it implies that a sell-off is forthcoming.

If you look at TER, the OBV dropped about 2 weeks ago and the price did drop a little but has recovered and set a higher high. However the OBV still has a huge divergence from price.

Seeya