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To: jjstingray who wrote (93498)	3/18/2004 10:38:12 AM
From: shoreco	Respond to of 209892

>> I am not sure how it is calculated, but I rank it about the least effective indicator out there. << All it does is track the value at the bid vs the ask... ie;, The QQQ's could do 50mil in volume and have 20mil hit the bid, 10 mil hit the ask and have 20mil in market orders, but end the day green... The QQQ's would show negative money flow for the day... And visa versa...

To: jjstingray who wrote (93498)	3/18/2004 10:41:23 AM
From: Shack	Respond to of 209892

Yes, JJ, I was only using it to rebut the idea that we are seeing "distriubtion" on KLAC over the last few weeks. Indeed it is nothing I base trades upon. Charts rule.

To: jjstingray who wrote (93498)	3/18/2004 11:29:13 AM
From: bcrafty	Read Replies (1) \| Respond to 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.