Monday, October 12, 2009

Stock Market Update - October 12, 2009

Money flow for the hourly chart has peaked. Price are going to be dependent on two things - first is which direction is the dollar going to take and second which direction the money flow is going to go on the daily charts for the Dow and how much is it actually going to support prices.

Money flow is close to peaking ... but I don't think prices are peaking. I think we have to wait and see what the dollar is going to do over the next few weeks to give us an indication on equities.

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