Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: Sir Francis Drake who wrote (3556)	1/30/1999 1:59:00 AM
From: kaz	Read Replies (2) \| Respond to of 7382

Morgan, Not at all a bad idea. Have you tried On Balance Volume or MACD? They are supposed to do what you are attempting, and for longer time frames (daily or weekly) can actually work pretty well. I hope I'm not telling you something you already know, but when price hits a new high or low and OBV or MACD do NOT, there is a divergence (bearish for the new high, bullish for the new low). They are telling you that although the price is high, the support is low so expect a turn around. I haven't found this to be of any value for shorter time frames (intraday) and, of course, sometimes a price keeps on climbing even though the indicators are screaming FALL! FALL, DAMN YOU! FALL! Actually, that was probably me screaming, now that I think about it. Still, figuring out when the "professionals" are bailing on a trend is a powerful piece of knowledge. Please let us know how your system works out. Regards, Paul Kaz (Trying to individuate from Paul K)

To: Sir Francis Drake who wrote (3556)	1/30/1999 2:09:00 AM
From: Dan Spangenberg	Read Replies (2) \| Respond to of 7382

T&S on RT3 only keeps approximately 10,000 lines, (of trades and bid/ask changes) so if it is high volume stock you are looking at, you would have to copy the data during the day and again at the end. For example on Dell today the T&S only had data back to 14:35. On a mid/low volume stock it would have the whole day's activity. Good Luck Dan