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jimmenknee

10/17/14 12:15 AM

#11128 RE: jimmenknee #11059

Money Flow Chart Update: "Livin' on the Edge"

Low volume day survives a ~ $6k dump late afternoon w/ 5 ask slapping trades totaling ~ $6k into the close. Even though today's candle has no assigned meaning (other than being another sell candle) and the DOW Jones Industrial Average's candle is not a reversal candle, the KISS school of using made up terms and false excuses could be helping at the margins.

Money Flow TA 3 Cycle re-Disrupted: Money MOMO (ChiOsc) continues to move downward and should braid the neg-MOMO next session if volume remains below the 8EMA. Both monthly (CMF 21) & short-term Retail (CMF 3) (#2 on chart) saved the day from a sub-0.30 close. Short-term (MFI 3) and monthly "Smart" (read: manipulative) Money (MFI 21) flattened out, which gives hope that sellers may be inclined to give the stock a bit of breathing room.

Buy volume (PVO) (#3 on chart) was a no show again, but neither did collapsing sell volume appear.

Raff Regression and Fibonacci Fan replotted based on Sep 9 top and Oct 9 bottom (Oct 8 for Fib Fan). Key price areas to watch: Fibonacci pivot support (S1) @ .434 and (S2) @ .307-- sub-price points: .385 (Raff Regression) and .29 (Lower BB)