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Replies to #31785 on lowtrade
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trader guy

05/10/12 10:28 AM

#31798 RE: mikeemac #31785

Just want to throw in my 2 cents here on CMF. It's based on Accum/Dist which can be easily manipulated with low volume stocks by painting the close higher even though the day is down. Not that a high CMF doesn't warrant a watch. It just shouldn't be used as a reason for entry. Price, pattern and volume in the right direction supported by a favorable CMF are the only reasons for entry.

In short, uptrending CMF with a downtrending price should be regarded with suspicion until supported by price and volume.
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lowtrade

05/10/12 5:37 PM

#31807 RE: mikeemac #31785

When CMF is in selling and Stoch RSI at BE IN, retail is buying and big guys selling. When CMF is buying and Stoch RSI is at BE OUT. Retail is selling and big guys buying. I think of Stoch RSI as what retail wants and CMF the bank. Customers deposit and withdraw from the bank, during conflict.