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>> Sounds similar. This one just measures that last hour of the day though. =
>> I heard about it on the old Street Signs. It works similar to looking at d=
>> ivergences in the A/D line in finding tops.
>> Kent
>> Here's another little indicator that is interesting to watch: today was
>> first day in I think 8 where the last hour was down, not up. If BobR or
>> Clyde want to code this up, create an indicator that simply consists of
>> summing the move over the last hour of trading each day. Plot that over =
>> the
>> index you're measuring. The idea is that retail buys at the open, pros b=
>> uy
>> towards the close.
>> Isn't that simply the Smart Money Flow Index?=20=20
>> SMI (DJIA) =3D 10 a.m. - last close + close today=20
if you're interested in the SMI, you can look at it here:
http://www.haysmarketfocus.com/html/SMI.htm
- *lk
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