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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Stoxx who wrote (3179)	2/19/1999 7:05:00 PM
From: Ken Adams	Respond to of 39683

TC, I think I agree with you about PCMS. I've followed it closely for the past 2 weeks. A very "in place" falling trendline has held prices in a continuing downtrend all month. Today looks like a reversal may be in place. Here again, my WOW chart does not agree with the Telescan OBV. The disparity isn't as bad as it is with AKLM, but it clearly does not show OBV at new highs. OBV put in a high in conjunction with the price highs at the end of January and has been sliding off since. When you think about it, how could OBV be going up with price falling off? Volume has been rising the last few days which would really have an effect on OBV. I don't believe Telescan on this one. Ken