AI
Sunday, December 30, 2007 8:59:59 PM
follow the money flow...
notice how between mid-august and mid-september the price went down, PPO went down (red arrows), but curiously, MFI went UP (green arrows). money flow is consistently telegraphing the moves here by a few days.
another similarity: i see some incredibly light trading in late august before we started heating up for that big move to $2.35. history can and will repeat itself, especially because the big fish are back now, buying 30K and 50K shares at a pop. we were seeing those same block trades showing up on the tape back in mid august to september, too.
looks to me like we'll be ringing in the new year with DPDW. jmho.
notice how between mid-august and mid-september the price went down, PPO went down (red arrows), but curiously, MFI went UP (green arrows). money flow is consistently telegraphing the moves here by a few days.
another similarity: i see some incredibly light trading in late august before we started heating up for that big move to $2.35. history can and will repeat itself, especially because the big fish are back now, buying 30K and 50K shares at a pop. we were seeing those same block trades showing up on the tape back in mid august to september, too.
looks to me like we'll be ringing in the new year with DPDW. jmho.
