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Re: MossyOak post# 74474

Tuesday, 08/12/2008 3:06:18 PM

Tuesday, August 12, 2008 3:06:18 PM

Post# of 107353
RE: chart OBV, I believe that this number was seriously skewed by the 2 million volume day we had recently. This pulled the trend line down considerably.
OTOH, the accum/dist line shows a different, more bullish path. This indicator, unlike the OBV, is not affected by one day surges in volume.
Also, MFI indicator is in an oversold state, so as far as charting goes, we are prepping for a reversal.
Good luck!
-Fritz

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