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Strategies & Market Trends : LastShadow's Position Trading

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To: Dave Shares who wrote (4178)	12/12/1998 7:58:00 PM
From: tom pope	Read Replies (3) of 43080

Does anybody here use money flow as an indicator intraday? If my understanding is correct, money flow is the summation of $ volume at the ask minus $volume at the bid. A positive number means that a greater $ volume is taking place at the ask, indicating strength. Right? SUNW had a heck of a day on Friday (didn't post it as it was happening because my last posts have been such dogs I've become timid). It opened within a few teenies of the low at 72 13/16 and basically marched onward and upward from there and closed almost 5 points higher. Yet money flow was negative. Seems counter intuitive. On the other hand, TCOMA closed about 3/4 of a point below its open and had a large positive money flow. Anybody have comments?

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