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Of course the day is not over, but here is a second update on this concept.
If we get some retracement to the downside, the flowrate should increase
back above 1.5.
BobR
At 12:30 PM 10/21/97 -0500, Joe Frabosilio wrote:
>bobrabcd wrote:
>>
>> Lunchtime is almost over in NY and the flow rate has dropped off
>> significantly. The theory is that a flow rate in the neighborhood of 1.5
>> million shares per minute is needed to sustain a trend. Lets see what
>> happens after lunch and into the close. Flow rate is simply the change in
>> total volume per unit of time.
>>
>> BobR
>>
>> ---------------------------------------------------------------
>>
>> Name: flowrate1021.gif
>> Part 1.2 Type: GIF Image (image/gif)
>> Encoding: base64
>>
>> ---------------------------------------------------------------
>
>
>Good Call,
>
>Right after you put up your post, I did a quick check on the option and
>it was at 18.25, at 1:22 NY time the same option was bidding at 19.25.
>
>I was to chicken to pull the trigger, so I just paper traded it.
>
Attachment Converted: "c:\eudora\attach\flowrate1021b.gif"
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