Wednesday, April 23, 2008

Air pockets under the market..


One indication of tops is when RSI, MFI, and Ultimate Oscillator are at high values and Chaikin Money Flow is low or negative...Something to watch for...

3 comments:

lagscrew said...

Mark

this is the same thing I have been watching $$ flow with very low P/C values. Along with very high ISE and 5 days of trin in low 4's

The making of a high for sure ( I hope with lots of faith)

lagscrew said...

NYSE------NAZ
New Highs 35 14
New Lows 58 101

mlytle said...

Hi Lag,
This is a trying market, but I'm pretty sure we're in the "calm before the storm"

Regards,
Mark L.