Hank,
Can you change your charts to different time settings over the long term. If you can, over years, and set it for 3 day, you will see an amazing thing. Dell has trended down, hit the bottom and had no where else to go but up. That was my sign to buy in. Dead bottom. I missed it by a few points, but what the hey.
But like you say, there was no support when it went up. Support meaning moneyflow going positive. It stayed negative which means that people were still taking profits everytime it went up. Big concern for me.
Today, it went positive even though the price went down, there was buying every time it went down. You would like to see the opposite keep happening, but today, in a down day its a very good sign for the bulls.
If you can set your chart for what I see, you will also see that once this begins, its on a roll. It hasn't in the past gone sideways, its a curve that goes to the top or the bottom of the window. I accidently found this by pushing the wrong buttons on the chart.
Regardless of all other indicators, moneyflow changing to the positive is a big indicator of things happening that we can't see by just looking at the prices. |
