liked this post from desmond Anytime you see an
Post# of 56324
Posted On: 05/22/2014 10:37:53 AM
liked this post from desmond
Anytime you see an extended range vertical bar with a spike in volume, that usually means Institutions have kicked in gear. I also look at the MFI (money flow index) which is a great indicator (similiar to RSI) where the money is flowing in or out. Right now, I see a reversal of the bearish market, where MFI is ticking back up from the lows (where unfortunately for us, institutions were cashing out) but it appears that they are going back in. VOLUME is KEY in these types of technicals.
I never sold a single share, and I informed everyone that I would be buying more today, which I did! Unfortunately for us, we are only participants in the market, and the market movers will be the hedge funds, institutions, big SMART MONEY going in---we just have to be in the right side of the table. There is also a smart money flow index indicator, believe it or not, where the "smart money" (i.e., institutional investors) are gauged according to the price action. Usually the first half an hour of the open, its all "white noise", retail investors like me and u going in, then the smart money folks will "test" the market by shorting the stock in question and seeing how the market reacts, if it is not that bad, they go in heavyily at the very last hour or so of trading, (which u an see perfectly by the last 15 minutes or so of trading). Theres a plethora of info out there, and I have made costly mistakes, particualry with naked apple options, but I have learned emmensly. I only wish i can share a little of my knoweledge about the market and my enthusiasm about about FITX.
Anytime you see an extended range vertical bar with a spike in volume, that usually means Institutions have kicked in gear. I also look at the MFI (money flow index) which is a great indicator (similiar to RSI) where the money is flowing in or out. Right now, I see a reversal of the bearish market, where MFI is ticking back up from the lows (where unfortunately for us, institutions were cashing out) but it appears that they are going back in. VOLUME is KEY in these types of technicals.
I never sold a single share, and I informed everyone that I would be buying more today, which I did! Unfortunately for us, we are only participants in the market, and the market movers will be the hedge funds, institutions, big SMART MONEY going in---we just have to be in the right side of the table. There is also a smart money flow index indicator, believe it or not, where the "smart money" (i.e., institutional investors) are gauged according to the price action. Usually the first half an hour of the open, its all "white noise", retail investors like me and u going in, then the smart money folks will "test" the market by shorting the stock in question and seeing how the market reacts, if it is not that bad, they go in heavyily at the very last hour or so of trading, (which u an see perfectly by the last 15 minutes or so of trading). Theres a plethora of info out there, and I have made costly mistakes, particualry with naked apple options, but I have learned emmensly. I only wish i can share a little of my knoweledge about the market and my enthusiasm about about FITX.
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