Johnny_Nickles

Using the Cashflow Indicator, a downtrend has begun...

Short
AMEX:DIA   SPDR Dow Jones Industrial Average ETF
The cashflow indicator is a measure in change in price multiplied by volume. I believe this shows current interest in changing price. The indicator shows current cashflow and average cashflow. The average cashflow looks like a pool of blood in a downtrend. Each current cashflow value is like a dagger stabbing a cash filled balloon. If you see a blood filled cashflow average this means a lot of selling volume. Basically GTFO!!!!
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