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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Charliss who wrote (27962)	4/15/1999 10:43:00 AM
From: MrThesp	Read Replies (3) \| Respond to of 90042

Charliss: I know you track money flow but it isn't strange at all... It means the institutions are buying. You know...the “smart money” thing I like to talk about. It's one of the indicators you can use to predict a stock's future direction: If the price is going down and money flow is positive it means the “smart money” is buying and you have a good chance of seeing the price go up soon. On the other hand, if the price is up on negative money flow it usually means the institutions are bailing out and the stock will eventually drop. It's an old style of tracking stocks that started even before the ticker tape was put in use. Normally you watch it over a longer term than a single day but it can also be useful to figure out what the MMs are doing short term. Today, if the theory holds true, I would say they are holding the price down so their “buddies” can buy in and then they'll let it fly. We shall see! Paul {:-)