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To: Chuzzlewit who wrote (114688)	4/7/1999 10:36:00 AM
From: edamo	Read Replies (1) \| Respond to of 176387

chuzz...re: money flows... agree with your view on finite trading analysis...too much time is spent by many...but the operative word is "many"....such technical analysis becomes self fufilling as it drives the trading programs...doesn't affect long term investments...but, for instance i use daily stochastic momentum indicators to "guess" turns and decide if the time is "almost" right to sell the derivitive of the underlying...(you notice the "vague" words i elect to use..) i wouldn't trade the common on this info...but the option gives much more room to err due to time/volatilty... the key figure would be how much is the specialist buying to maintain order..... good luck...keep those keen thoughts coming...ed a.

To: Chuzzlewit who wrote (114688)	4/7/1999 10:45:00 AM
From: Lee	Read Replies (2) \| Respond to of 176387

Morning Chuzz,..Re:.So you end up with the curious proposition that if there is more trading when the stock is moving up there is positive money flow, while when the stock is moving down there is less (or in the opposite direction). Moneyflow is just an average of the price action over time biased with volume. According to the definition given below, it is a momentum indicator. equis.com If today's Typical Price is greater than yesterday's Typical Price, it is considered Positive Money Flow. If today's price is less, it is considered Negative Money Flow. Regards, Lee

To: Chuzzlewit who wrote (114688)	4/7/1999 3:07:00 PM
From: arthur pritchard	Respond to of 176387

Hi Chuzzlewit:<trading patterns> When you are traveling down here sometime, I wish you would visit us. It is amazing what can be seen from the trading patterns. It really is difficult to describe in a post, but when you are standing here (we stand) it is possible to make decisions differently from just looking at the quotes etc. You might even get hooked on this!! It may appear to make no logical sense to you whatsoever, but I really wish you would visit to see how we are using this. As an extra bonus, Kathy is a big cat person, and would know how to make you comfortable. btw she has been out all morning, so I am answering your post. btw btw I made extra money today, just because I was able to time this morning's selloff---using these patterns exclusively, as my sole input. (Normally, I have other inputs, but today, I was taking a friend to the airport, saw a pattern on the way out the door, and got into cash immediately with one phone call.) I know this is not your cup of milk, but it working. In fact it is working so well, that I just added a second pcquote data feed, this morning, so I can have different levels of sensitivity running at the same time. I AM NOT DAY TRADING. Hope to see you here--Kathy even has catnip tea somewhere around here. Love you!!

To: Chuzzlewit who wrote (114688)	4/8/1999 5:22:00 PM
From: arthur pritchard	Read Replies (1) \| Respond to of 176387

Thanks for the very good reply to my conjecture. (kathy) I also saw Edamo's, Lee's, and Arthur's replies... Your analogy is wonderful! - (that my interpretation is like assigning shapes to cloud formations. BTW, is it possible to say that certain shapes - cloud formations - are possible only under certain meteorological conditions?) Yes, for every buyer there is a seller, yet a stock price can move up a lot on light volume and then tumble a little on heavy volume. My best analogy was to think of $flow as a weighted average of the volume with minute-by-minute price. I didn't even think about companys' trades of its own shares. I will check out Lee's hyperlink to a definition. But for my lack of understanding the machinations, I still agree with Arthur that $flow is telling us something. Just the sheer numbers (negative 609 million is a lot of money) - - but -- quite right that my energies could be better spent on other kinds of research. Your reply was so kind and I appreciate information and lovely tone. Well, I'll be returning to my real job soon enough and will also return to more traditional approaches to selecting investment. Thanks!! Kathy O.