Tuesday, May 29, 2007

Money flows

Quite a few people have pointed out that the money flows are drying up on the daily charts. True but look at what has happened in the past when money flows have tailed off. Quite often the market just needed a breather before powering up to fresh new highs. Another example of why I pay more attention to the weekly charts. There are no such divergences on the weekly charts yet by the way.