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Steve,
More info about the MFI on:
http://www.equis.com/free/taaz/moneyflow.html
Regards,
Onno Goedknegt-The Netherlands
At 22:01 28-7-98 -0700, you wrote:
>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
>
>
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