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<DIV><FONT face=Arial size=2>
<DIV><FONT face=Arial size=3>Ben P. wrote:</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=3>basically accumilation on a stock is
only if the purchase price is a:<BR>above yesterday close and
b: if it was puchased above todays open<BR>and c: if it was
purchased in the UPPER 25% of todays trading range<BR>all 3
conditions must exsisst<BR>if you do obv this way you will have lead time
knowlege of what stocks to buy<BR></FONT></DIV>
<DIV><FONT face=Arial size=3>Hi Ben,</FONT></DIV>
<DIV><FONT face=Arial></FONT><FONT size=3> </FONT></DIV>
<DIV><FONT face=Arial size=3>Since I've learned the hard way to never assume,
would the opposite conditions indicate distribution? I.e., if the sale
price is a) below yesterday's close, and b) if it was sold below today's open,
and c) if it was sold in the LOWER 25% of today's trading range, would THESE
three conditions' simultaneous existence confirm distribution to
you?</FONT></DIV>
<DIV><FONT face=Arial></FONT><FONT size=3> </FONT></DIV>
<DIV><FONT face=Arial size=3>Regards,</FONT></DIV>
<DIV><FONT face=Arial></FONT> </DIV>
<DIV><FONT face=Arial size=2><FONT size=3>Dennis
C</FONT>.</DIV></FONT></FONT></DIV></BODY></HTML>
</x-html>From ???@??? Wed Nov 03 06:50:58 1999
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Message-ID: <035501bf2608$de6b48b0$292a42cf@xxxxxx>
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxx>
References: <0.219ce317.25518cf7@xxxxxxx> <005901bf2606$ec0b8360$0601a8c0@xxxxxxxxx>
Subject: Re: A/D Line and history
Date: Wed, 3 Nov 1999 07:36:45 -0700
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Status:
I take no offense from good discourse. I do enjoy jabbing at "common wisdom"
and most especially the "wisdom" of the talking heads, most of whom are
incapable of discovering an original thought. I am a trader, an investor,
and a student of market history (who could have guessed from these musty old
charts I post). One can not be a trader and live in the school of gloom and
doom, but I do try to contribute a reality check every now and then. I can
also make a good case for S&P to at least 1750 but the bulls haven't needed
much cheering.
I also found Ben's description of a hybrid OBV rather interesting and it
makes sense to me. Knowing that you run QCharts, I also know that the
Breadthalyzer statistics include some real gems including the MoneyFlow you
are using. Were I still a stock trader, I suspect I would be making use of
it.
Earl
----- Original Message -----
From: Gitanshu Buch <OnWingsOfEagles@xxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxx>
Sent: Wednesday, November 03, 1999 7:22 AM
Subject: Re: A/D Line and history
> No offense Big Ben and Earl :) See, I and the list got to learn about this
> method of OBV.
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