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Re: None

Monday, 11/30/2009 7:47:27 PM

Monday, November 30, 2009 7:47:27 PM

Post# of 35151
Hmm... now this is interesting, the MFI 7 & 14 are still "bullish" and remain above the 80 line with no downward movement showing. The two dropped immediately the last time when they were above the 80 line, and there wasn't even a red candle showing yet. They were on the 54 line by the time the first red candle showed up!

The below is taken from ChartSchool's description of the MFI.

"If the stock price is falling, but positive money flow tends to be greater than negative money flow, then there is more volume associated with daily price rises than with the price drops. This suggests a weak downtrend that threatens to reverse as money flowing into the security is "stronger" than money flowing out of it".

I welcome feedback from those of you more chart savvy than myself, but to me, this indicates that today's drop in price was manipulated, and did not truly reflect buying and selling pressure.

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