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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dave Shares who wrote (4178)	12/12/1998 7:58:00 PM
From: tom pope	Read Replies (3) \| Respond to 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?

To: Dave Shares who wrote (4178)	12/12/1998 8:35:00 PM
From: tom pope	Respond to of 43080

Last or anybody Do you still follow SGI? Looks like a nice base since mid-november.

To: Dave Shares who wrote (4178)	12/12/1998 8:49:00 PM
From: LastShadow	Respond to of 43080

Weekend Analysis I just finished running the mutual funds and indices through my weekly grind, and all of them are still technically ok with the exception of XOI (AMEX Oil Index) and XAU (PHLX Gold/Silver Index). This is logical in that the oil sectors are down and the Gold Silver index is generally opposite of the general market indices. That was the good news. The badnews is that we are thresholding right now. Every single index is at the pivot point. A 4% reversal (decline)in any of them will signal a market reversal. Below are the three primary indices and 6 funds I follow with the 4% decline threshold number. I would note that I believe Monday will be an up day, although less gain and more volatile than Friday's. SYMBOL NAME 1 YEAR LOW CLOSE 1 YEAR HIGH Threshold DJIA DJ Industrial Avg 7,349.99 8,706.15 9,367.84 8357.9 NCM NASDAQ Composite 1,343.87 1,788.43 2,028.18 1716.9 SPX S&P 500 Index 912.83 1,166.46 1,193.52 1119.8 FMAGX Fidelity Magellan 86.376 111.69 113.16 107.22 VFINX Vanguard Index 500 89.11 108.82 111.17 104.47 FDGRX Fidelity Growth Company 40.21 50.96 52.81 48.92 FGRIX Fidelity Growth&Income 36.44 43.93 46.21 42.17 VWELX Vanguard Wellington 28.75 31.85 32.62 30.58 FASMX Fidelity Asset Manager 17.29 19.87 20.19 19.08 lastshadow