I am going to show you the hourly chart of DIA which the ETF of the Dow. I wanted to see where the money flow (blue line with the price chart) was headed in the near term ... it looks to be heading up. Based on the two bottom indicators and the money flow ... we "MAY" see some more strength in the hours ahead in trading. Based on the consumer confidence index today ... we should see bright and shinny skies ahead.
Tuesday, August 25, 2009
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Glad to know it helps. Let me know if you have any questions.
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