Money flow for the hourly chart of the Dow has cycled back to the bottom (blue line with price chart).
Money flow on the daily charts looks to be bottoming here as well. We could see a push or two down in price ... but I think we are close to seeing this move back up. Friday was a heavy volume day compared to the last
month or so and we also had a large amount of money inflows into the market. The volume traded on the NYSE was 68% up in price.
Something interesting has occurred ... we have a new high with the Transports. I wonder out loud if the market has much more room to move up in price ... I think it just might.
Money flow for the hourly chart of the Dow has cycled back to the bottom (blue line with price chart).
Money flow on the daily charts looks to be bottoming here as well. We could see a push or two down in price ... but I think we are close to seeing this move back up. Friday was a heavy volume day compared to the last month or so and we also had a large amount of money inflows into the market. The volume traded on the NYSE was 68% up in price.
Something interesting has occurred ... we have a new high with the Transports. I wonder out loud if the market has much more room to move up in price ... I think it just might.
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