Wednesday, September 30, 2009

Stock Market Update - September 30, 2009

Money flow has bottomed on the hourly chart ... we may get a double bottom on the actual indicator. We should see some strength based on the direction of the money flow soon due to the daily chart below.

It looks as if the daily chart of the Dow that the money flow is about to bottom over the next few sessions. Question will be ... how strong will price be once the money flow turns up? Today we had a 58% down volume day for the NYSE.

No comments:

Post a Comment