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Technology Stocks : Ciena (CIEN)
CIEN 268.24+6.5%4:00 PM EST

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To: Ibexx who wrote (11376)7/26/2001 9:46:12 PM
From: GraceZ  Read Replies (2) of 12623
 
the stock had positive money flows for days despite high degree of price fluctuation - a clear case of manipulation

Manipulation has nothing to do with it. Money flow and price only correlate over the long term, in the short term there is almost always divergence but then if you watched money flow on a regular basis you already knew that, right? Unfortunately you are probably watching a money flow indicator that isn't worth chit. The only way to get an accurate money flow measure is to use "every trade" and almost no one does that because of the sheer amount of data that needs to be crunched. Stocks can have negative money flow for months and the price soars and visa versa, the stock can have positive money flow and the price does a steady decline.
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