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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Elwood P. Dowd who wrote (56145)	4/9/1999 10:17:00 AM
From: Racso	Respond to of 97611

El: on your question on money flows, Bloomberg does a calculation similar to T2000. The value of money flow is set to zero at the start of the trading day. When a trade is performed, its price is compared to the price of the previous trade. If the prices differ, the money associated with the trade (price times shares) is added to or subtracted from the money flow. Additions (inflows, buys) are done on upticks and substractions (otflows, sales) are done on downticks. This concept was developed by Lazlo Birinyi. Is it worth it? Birinyi has a very good record as money manager. The value seems to be in identifying changing trends (say from outflows into net flows) and discrepancies with prices. That is why it might have been relevant to COMPAQ in the last few days. Hope this helps.