Money Flow Index

["Steve Karnish" <kernish@xxxxxxxxxxxx>]

Dear Listees,

Is anyone interested in discussing the technical merits of the
Money Flow Index?  I think it has some potential.  I've noticed
when applied to the grains, it's the only indicator to
successfully trade off the bottom of the current downtrend.  As
we all know (I hope), oscillators are pretty good at timing you
into a short position in a downtrending market and into a long
position in an uptrend.  Few oscillating indicators can buck the
trend and be successful.  

I've observed that when the MFI hit 0 (zero) in Corn this year
(twice and then again yesterday), the market rallied 17 and 35
cents (quite the trick in this dismal market).  Of course, the
sell signals, when it reached 100, were really fantastic trades.
 (I'm using zero and 100 as buy and sell signals as broad
references).

So, who's responsible for this index?  Has anybody out there
used it or incorporated it into daily or intraday analysis?   Is
anyone interested in a survey of popular technical indicators? 
I learn something new about technical analysis everyday.  The
funkymentals have never put a dime in my pockets (with the
exception of the time my dentist client had contacts with
corrupt high ranking Mexican officials and learned that the Peso
would soon be devalued...but, that was a once in a lifetime gift
from the trading gods).  Please help me with my lesson for the
day.

Steve Karnish
CCT