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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Sharkey who wrote (20324)	1/21/1999 3:56:00 PM
From: Mr. Twister	Respond to of 29386

Patrick, Unfortunately, I don't have a textbook definition for you. I am waiting for the latest software and booklets. When I receive them, I would be happy to post a detailed description on Moneyflow. I can tell you that I make many of my buy/sell decisions based on the moneyflow charts in my realtime quotes package for MyTrack. They have some free software at their website. www.mytrack.com The best explanation I can give you at the moment is that the software is able to discern between the buy/sell, size, etc. When a stock is in a selloff, nearly all of the stocks I follow today :), I then check the moneyflow. If it is negative, I either wait for it to turn around, or I could short it. Right now (2:47pm) AMZN has a negative moneyflow of -40 or there abouts. It is currently down 7 3/4. ANCR has a moneyflow of +1.13. It has been trying to climb higher, but ran into resistance at 7 3/4. Actually it ran into 3800 shares from MASH, 2000 shares from USCT, 1000 shares from INCA, 1000 shares from DAIN, 500 shares from HRZG and 200 shares from BRUT. When I see this positive moneyflow, it tells me that while the stock is going lower, there is accumulation going on. It may not feel like that in the pocketbook though :-) Hope this helps. Andrew