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Strategies & Market Trends : Classic TA Workplace

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To: UnBelievable who wrote (33900)	3/11/2002 10:56:42 AM
From: nspolar	Read Replies (1) of 209892

UB - MFI is my favorite tech indicator. Sort of started with it and have maintained. A lot of free sites don't have it available, to allow one to vary the period. I use this one. dbc.com It can be fickle, but it is usually the interpretation that is the problem. I used to look at MFI in conjunction with accumulation/distribution, but now use OBV. The former is just too misleading at times - I got burned once real good by putting too much emphasis in it. In theory the price of a stock can go to zero, all the while the accum/dist increases. So I rarely use it anymore. OBV I think is much more reliable. I like to mentally integrate the area under the MFI curve and note whether the trend is towards more or less, and whether the cycles are increasing in rapidity or decreasing. When I get more free time on my hands I plan to do some programming with it, in the manner I've sort of eluded to. In my opinion money flow is where the rubber meets the road. The INTC chart looks to be an almost sure short to me, but sometimes one has to be patient, or be prepared to stop out in case the fickle factor comes in. If it turns down here and goes way down, the price could drop a long ways. Once these things get past a certain point on the MFI, it is like the parachute suddenly gets a big hole in it. INTC could be close. IMHO of course. Zeev and Shack have both been on the same wavelength about what the market might do over the next several months. From several stocks I've looked at I wonder if they are off in time by a few weeks or perhaps more. Several leader stocks look weak in the MF factor, and this market isn't going far without leaders.

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