Monday, November 2, 2009

Stock Market Update - November 2, 2009

Money flow is at the bottom of the cycle ... and the tick data in the chart under price looks to have hit a bottom as well. We should see price move up.

Daily chart also shows the money has extended into a bottom as well. All the other indicators have bottomed. The one indicator that still has not is the price (green line with price chart). Today we had a 53% up volume day on the NYSE.

The market was up today because of the dollar ... it was down.

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