BTW, moneyflow is not a good indicator during distributive or secondary tops:
stockcharts.com[g,a]daclyyay[de][pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14!Lc20][J9867868,Y]&pref=G
Note the tops in Jan, May, and August 2002 also were during negative moneyflow times.
The only way to play during these situations is to wait until the full stochs (14,3) get above 80 and turn down. Only then can you be certain you've gotten close to the top according to this chart.
Every top presents new challenges to us. The fact that so many reliable bear markers are no longer working is an indication that the bear is getting long in the tooth (it's given up 80% at the extremes) and the balance of the bear is going to trick even the best of us. |
