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.

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