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...
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3 comments:

  1. lagscrewApril 23, 2008 at 11:58 AM

    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)

    ReplyDelete
  2. lagscrewApril 23, 2008 at 12:02 PM

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

    ReplyDelete
  3. mlytleApril 23, 2008 at 4:31 PM

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

    Regards,
    Mark L.

    ReplyDelete

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