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Re: M. Prings discounted MetaStock's CDs.

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<DIV><FONT face=Arial size=2>TC2000 recommends using OBV with TSV (time 
segmented volume), when they are both insync its&nbsp;a good signal.&nbsp; This 
sort of confirms my experience with OBV, that is don't use it by 
itself.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT face=Arial size=2>If your referring to the change about a month ago, 
several other indicators also gave signals to sell, macd, stoch, and 
mov.</FONT></DIV>
<DIV>Lionel Issen<BR><A 
href="mailto:lissen@xxxxxxxxx";>lissen@xxxxxxxxx</A></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  Songyun Fox </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A 
  href="mailto:metastock@xxxxxxxxxxxxx"; 
  title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Sunday, August 13, 2000 12:50 
  PM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: M. Prings discounted 
  MetaStock's CDs.</DIV>
  <DIV><BR></DIV><FONT color=#ff0000>Hello.</FONT><FONT color=#ff0000></FONT> 
  <P><FONT color=#ff0000>I use OBV on DJIA and stocks.&nbsp; BBY gave a great 
  Sell signal using Granville OBV.</FONT><FONT color=#ff0000></FONT> 
  <P><FONT color=#ff0000>If you'd like to see the chart I'd be happy to send 
  it.</FONT><FONT color=#ff0000></FONT> 
  <P><FONT color=#ff0000>Songyun</FONT> 
  <P>Lionel Issen wrote: 
  <BLOCKQUOTE TYPE="CITE">Joe: 
    <P>I have tried several versions of OBV, most of them don't give very 
    different <BR>or better/worse signals than Joe Granville's method. The only 
    one I've seen <BR>that may be better is the Time Segmented Volume used by 
    TC2000. 
    <P>Lionel Issen <BR>lissen@xxxxxxxxx <BR>----- Original Message ----- 
    <BR>From: &lt;Arsk0jn@xxxxxxx&gt; <BR>To: &lt;metastock@xxxxxxxxxxxxx&gt; 
    <BR>Cc: &lt;Arsk0jn@xxxxxxx&gt; <BR>Sent: Saturday, August 12, 2000 5:45 PM 
    <BR>Subject: Re: M. Prings discounted MetaStock's CDs. 
    <P>&gt; Lionel, in addition to the points you make there was a serious flaw 
    in the <BR>&gt; way Granville determined OBV. He applied all of the daily 
    volume either to <BR>&gt; the up-volume or down-volume depending on whether 
    the stock closed up or <BR>down <BR>&gt; for the day. Thus a stock closing 
    up 1/8 point on one million shares would <BR>&gt; have the same increase in 
    OBV as a stock moving up 2 points on one million <BR>&gt; shares. I read an 
    article in the early '70's that calculated the up-volume <BR>&gt; as: ((High 
    - Open) + (Close - Low))/2(High - Low). The reverse for <BR>&gt; 
    down-volume. This gives a much more accurate evaluation of <BR>&gt; 
    accumulation/distribution. <BR>&gt; <BR>&gt; The first edition of Perry's 
    book was published in 1978. Based on its <BR>&gt; success, Perry was asked 
    by Conti Commodity in St. Louis to manage a <BR>&gt; commodity account 
    ($10,000 minimum to join). It did not do well in the <BR>1980 <BR>&gt; swing 
    and was closed some time later. Which just goes to show that just <BR>&gt; 
    because you can write a good cookbook doesn't necessarily mean you're a 
    <BR>good <BR>&gt; cook. <BR>&gt; <BR>&gt; Joe 
Nemecek</P></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>

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