Tuesday, June 24, 2008 6:19:36 PM
fwiw I don't believe in 'overbought' MFI as a sell indicator ... can never have enough money flow lol
Look at IDAE here for example ... MFI has been in 'overbought' territory ever since it broke a buck lol
in fact look at any big sustained run chart .. MFI can hang out above 80 for months as the stock rises ...
TGC another pretty good example ... if you sold 'overbought' MFI conditions in that one you would have sold just days before the run started ;)
Look at IDAE here for example ... MFI has been in 'overbought' territory ever since it broke a buck lol
in fact look at any big sustained run chart .. MFI can hang out above 80 for months as the stock rises ...
TGC another pretty good example ... if you sold 'overbought' MFI conditions in that one you would have sold just days before the run started ;)
People who say it cannot be done should not interrupt the person doing it.
http://www.perry-mansfield.org/index_fl.html
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