Things have turned ... both money flow and price indicator have turned down on the hourly chart for the Dow.
The daily chart shows that money flow has turned down as well ... we might see an extended push down here ... so be warned. Today we did have some inflow of cash on the broader market and the NYSE posted a 70% down volume day.
I hope that you find this blog useful. This blog should be used as an educational tool to help you understand the market cycles and timing.
I will post major updates generally each Tuesday, Thursday and the weekends.
Please read the bottom disclaimer.
Subscribe via email
How to use the charts.
When a chart appears on this blog you can double click on it and view a larger profile of the chart.
Price Charts The green line - this line shows up in the price chart section and it is an indicator that I have worked on to show near term tops and bottoms in price. The blue line - this line shows a modified cash flow cycle for each market.
The first metric below the price section is Tick Data. This is below the price chart and it is a Modified Indicator of the Tick Data. This helps to show the cyclical nature of price.
The second metric below the price section is Volume. Black bars are up days for the market and Red bars are down days. I have measure the behavoir of volume with the Frye Indicator. It is the black line and has an inverse relationship to price.
The third metric at the bottom of the price charts is a 5 day RSI. It is measured with the Frye Indicator (Black Line).
Note: On the mid-day charts the green line is the Frye Indicator.
No comments:
Post a Comment