Monday, December 7, 2009

Stock Market Update - December 7, 2009

Money has cycle back to the top for the hourly chart of the Dow. Based solely on the technical indicators and money flow we should be seeing some down pressure or sideways movement over the next few hours of trading.

The daily chart shows money flow nearing a bottom. This is going to be interesting to see what happens from now and until the end of January. Today we had a 54% down volume day and basically a flat day of money flows for the broader market.

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