2nd test of day high failed, it's not good sign for bulls, not much time left for bears though.
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A technical indicator developed by Stephen Klinger that is used to determine long-term trends of money flow while remaining sensitive enough to short-term fluctuations to enable a trader to predict short-term reversals. This indicator compares the volume flowing in and out of a security to price movement, and it is then turned into an oscillator.
Last edited by gappy on Tue Feb 04, 2014 4:33 pm, edited 1 time in total.
‘the petrodollar is our currency and our problem’....Gappy
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My chart has Daily Elders (Close, High, and Low), MA-2, CCI, and ATR for each stock; all color coded.