Monday, December 14, 2009

Stock Market Update - December 14, 2009

Almost all indicators are in the oversold area for the hourly chart of the Dow.

Money flow for the daily chart has turned up. It is possible that we will see a Santa Rally. Money flow is now behind the market unless something derails it. Today we had some money inflow into the boarder market and we also had a 69% up volume day for the NYSE.

1 comments:

  1. Good covered point, lots of people simply put something weired theories

    in front of public.But it doesn’t work i think because know one sure how

    it will going to happen It looks like just coping ideas which someone has

    already written. I found even on popular blogs guest bloggers bring same

    theories which I already know. I observed they just try to spice up their

    article without knowing what really audience want to read.

    Thanks

    Stock Tips

    ReplyDelete