The volume that underpinned yesterday's rally was significantly
above average (please see today's
Under the Hoodsection). Our proprietary analysis of broad
market money flow indicates that the majority of this volume was
comprised of new money entering the market to buy stocks. Please
observe the chart below.
Broad market money flow (blue line) broke its 3.5 month down
trend in early December. Then it moved sideways until yesterday's
break over the horizontal line.
This development is encouraging to the bullish case,
particularly because it happened in conjunction with higher than
average volume. We are looking for a continued move
Money Flow
Posted by zach06 on 3rd of Jan 2013 at 07:02 am
The volume that underpinned yesterday's rally was significantly above average (please see today's Under the Hoodsection). Our proprietary analysis of broad market money flow indicates that the majority of this volume was comprised of new money entering the market to buy stocks. Please observe the chart below.
Broad market money flow (blue line) broke its 3.5 month down trend in early December. Then it moved sideways until yesterday's break over the horizontal line.
This development is encouraging to the bullish case, particularly because it happened in conjunction with higher than average volume. We are looking for a continued move
Thank you.
Posted by zitron on 3rd of Jan 2013 at 10:48 am
thanks zac
Posted by morgan8 on 3rd of Jan 2013 at 08:11 am
you read my mind i was just about to ask for that, thought it would be interesting to see