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To: Ruffian who wrote (25718)4/1/1999 12:32:00 AM
From: blue_lotus  Read Replies (1) | Respond to of 152472
 
Hi Michael,

Thanks for the Money flow site.

But I too have not been able to get any conclusive results from using money flow as an indicator.
Tried it on a couple of stocks without any correlation.

For instance:

QCOM had ($66) in block money flow on last Friday and was at the top of the negative money flow company list.

But on Monday and Tuesday it continued to go up
and had +ve Money flows.

Still trying to find a correlation.

There is also an article about Money flows in this months edition of Smart Money. The author seems to follow monthly Money flow rather than daily money flow. Will try to see if I can find a good correlation there.

-Raj