Can some one explain if cash flow index is usefull volume anaysis and what it does and how it sould be used? I am not using it at all, because i found no benifit, but like to hear if there is a way to using it. Is it silmilar to RSI where indicatore ralates prices only, but MFI compares both price and volume togather?
Its time to follow-up on the CMF indicator. As I said above: "This initial break in the CMF is often followed by a reversal in direction, crossing its zero line and then breaking down thru the zero line once again...this is the "sell signal" Today, we can see that the CMF has made the crossing that was expected... this is the sell signal for QQQ. Stop is the price high. I have seen it work in many markets and time frames...worth watching on the Q's as this market has been pushed to lofty levels over the past six months. Bob