Tuesday, October 20, 2009

Stock Market Update - October 20, 2009

Quick item to note ... looks like the price spiked in the 1st hour of trading is wrong on the chart above. Money flow is bottoming and is due to turn up at anytime. We should see some strength in the next few hours.

Daily chart ... the money flow has rolled over and all other indicators are rolling over as well. This may be the time to short ... near term ... once the hourly money flow peaks. Today was a 77% volume down day for the NYSE.

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