money flow indicator. Please observe the chart below.
The descending trendline (magenta) indicates broad market money
flow (MF, blue line) is still in a downtrend. The blue ovals
highlight both the recent modest increase in money flow versus the
S&P 500 Index (
SPY, red line).
It is clear from the chart that heavy buying by large market
participants has yet to take place which is needed to solidify
further market upside.
We will continue to report important changes to this indicator
as they occur.
Money Flow
Posted by zach06 on 29th of Nov 2012 at 11:52 pm
money flow indicator. Please observe the chart below.
The descending trendline (magenta) indicates broad market money flow (MF, blue line) is still in a downtrend. The blue ovals highlight both the recent modest increase in money flow versus the S&P 500 Index ( SPY, red line).
It is clear from the chart that heavy buying by large market participants has yet to take place which is needed to solidify further market upside.
We will continue to report important changes to this indicator as they occur.
thanks zach always timely
Posted by morgan8 on 30th of Nov 2012 at 02:23 am
thanks zach always timely