I've decide to show the chart for the ETF for the Dow (DIA). I wanted to show the money flow ... and how the trend indicators are looking to make a cycle low for the near term. Remember these prices can stay oversold for an extended period.
The daily chart shows price is just getting started heading down for the time being. Money flow can change direction at anytime ... be on your toes and keep your stops close. Today we did have a cash outflow day and 94% down day in terms of volume.
The dollar was the driver of the selloff. Question is how long will the dollar move up?
I've decide to show the chart for the ETF for the Dow (DIA). I wanted to show the money flow ... and how the trend indicators are looking to make a cycle low for the near term. Remember these prices can stay oversold for an extended period.
The daily chart shows price is just getting started heading down for the time being. Money flow can change direction at anytime ... be on your toes and keep your stops close. Today we did have a cash outflow day and 94% down day in terms of volume.
The dollar was the driver of the selloff. Question is how long will the dollar move up?
Posts
No comments:
Post a Comment