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Strategies & Market Trends : Classic TA Workplace

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To: jjstingray who wrote (93498)	3/18/2004 11:29:13 AM
From: bcrafty	Read Replies (1) of 209892

CMF is one of my top five indicators As you probably already know, and as the article below mentions, it's best used with other indicators. stockcharts.com One of the ways I use it is to determine whether I think a stock will continue to rise despite very overbought readings on stochastics and RSI (or continues to fall despite very oversold readings). If the CMF continues to rise in the face of those readings then I often feel the stock has further upward movement immediately ahead (and vice versa in a declining issue). Also, as the article mentions above, and just like other indicators, one might need to adjust the period for each individual stock for optimal usefulness instead of the default period of 20. IMO, the old saying "follow the money" isn't something to be slighted in any financial endeavor.

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