Thursday, November 5, 2009

Stock Market Update - November 5, 2009

We got a pop today in price with the money flow line moving down.

This current rally should last a little ... money flow and the other short term indicators are at their respective cycle bottom except price (green line) and the tick data. Today we had an 85% up volume day on the NYSE.

The dollar was behind today's rally ... it was down.

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