Tuesday, November 10, 2009

Stock Market Update - November 10, 2009

We are in a down trend in money flow for the hourly charts. Should only last a few more hours.

Daily money flow trend is still up as well as the primary price indicator (green line). Today we had a 57% down day for the NYSE and the broader market had a small outflow of cash.

Dollar was down today. We are now at a major turning point for the dollar that will have implications for the market for months to come.

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