The hourly chart for the Dow looks pretty hard to read to me ... some of the indicators look to be moving up like the money flow and the bottom price indicator (very bottom of the chart). However, the main price indicator and the tick data seem to be moving down.
The daily chart shows some strength ahead with the money flow moving up. Strength could mean prices moving up or support and
moving sideways. Today we did have a negative cash flow for the broader market and the NYSE still posted an up volume day at around 53%. I would still have a long position at this point with tight stops to protect and short term profits.
The hourly chart for the Dow looks pretty hard to read to me ... some of the indicators look to be moving up like the money flow and the bottom price indicator (very bottom of the chart). However, the main price indicator and the tick data seem to be moving down. 
The daily chart shows some strength ahead with the money flow moving up. Strength could mean prices moving up or support and moving sideways. Today we did have a negative cash flow for the broader market and the NYSE still posted an up volume day at around 53%. I would still have a long position at this point with tight stops to protect and short term profits.
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Good covered point, lots of people simply put something weired theories
ReplyDeletein 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
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