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Re: 2late2trnbck post# 18884

Tuesday, 12/16/2008 7:11:40 PM

Tuesday, December 16, 2008 7:11:40 PM

Post# of 19383
I can show you why. Look at the following chart. It shows UWKI against Volume and an indicator called Money Flow index (MFI). You will see that movement in the MFI predicts movement in the stock itself. This is rare. Roughly speaking, it means that money is flowing out of the stock (people are selling) based on the average prices during the trading session. Lower volumes generally means that orders at that price range are being exhausted and that the price will likely fall.

Generally, high volumes means that the current trend will continue... lower volumes otherwise. In this case, with this stock... it seems to stay at a level then abruptly fall. It has been doing that ever since 5.00.

Wonder if this is going to work..


http://stockcharts.com/h-sc/ui?s=UWKI&p=D&yr=0&mn=6&dy=0&id=p96412459870