Re: VITAMIN MF SUPPLEMENT = utterly useless?
For the benefit of the thread, please explain the methodology behind the calculation of MF. My Bloomberg has functions called GM T (money flow, total), GM B (money flow, block), and GM N (money flow, non-block) - these show a line which is a CUMULATION of day-to-day changes in MF. As far as I can see, cumulative MF is totally useless because it has no predictive power whatsoever for a stock's direction. At times, positive cumulative MF seems to indicate rising stock price. However, with most of the NASDAQ listed stocks, MF shows a NEGATIVE divergence with the stock price!
The VITAMIN MF SUPPLEMENT is even more useless, since it only shows MF on a daily basis, which doesn't keep track of the cumulative, historical MF.
IMO, accumulation/distribution functions like OBV and CHKO are far more usefull than MF.
Posting "VITAMIN MF SUPPLEMENT" in large caps is not necessary. The moniker "vitamin" is both juvenile and misleading. |
