AI
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Wednesday, April 20, 2005 9:06:36 PM
X ... nope, I try not to use "gut feel" but after awhile it just get's that way ... here's a simple enough explanation of what I look for.
Here's one of my favourite quotes:
Institutions tend to dump stock in a single transaction and buy, if possible, in smaller lots, gradually accumulation a position. Therefor, many more big blocks are traded on the downticks than on upticks.
-- Justin Mamis
What's important in proving out that quote is the OBV indicator, this blurb is from stockcharts:
On Balance Volume (OBV) was developed by Joe Granville in the 70s and is as simple as it gets. Volume is added on up days and subtracted on down days.
Here's what I look for in the charts:
Here's one of my favourite quotes:
Institutions tend to dump stock in a single transaction and buy, if possible, in smaller lots, gradually accumulation a position. Therefor, many more big blocks are traded on the downticks than on upticks.
-- Justin Mamis
What's important in proving out that quote is the OBV indicator, this blurb is from stockcharts:
On Balance Volume (OBV) was developed by Joe Granville in the 70s and is as simple as it gets. Volume is added on up days and subtracted on down days.
Here's what I look for in the charts:
FP........................................................
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