Saturday, June 03, 2006 2:12:13 AM
notice how the CMF behaved over the last 3 months. the only time it went negative, money flowing OUT, was after the first run. traders wanted to take profits, and got a bit spooked thinking they'd lose their gains (may 15th) but they quickly sensed the upward trend was confirming itself and they were aggressive buyers again. this was may 22nd, a MONDAY, and by tuesday the next PR had arrived, but by then the money flow was already established, and positive. (this tells me PRs on monday aren't essential to keep BIGN on a bull run!) notice NOW how the CMF is still quite positive even after our recent slide. this tells me nobody is even thinking of taking their money OUT of BIGN. buyers are overwhelming sellers during this "correction".
next check out the accum/dist line. very, very bullish. the trend is nothing but up. draw your trend line and you'll see the dip it took on may 8th was insignificant to the overall bullish positive divergence. right now BIGN has a very strong, multi-month positive divergence and it is showing no signs of slowing down. we can see the dip it took on may 8th was a mere head-fake that actually marked the beginning of a huge rally, and at this point its negative divergence in the short term is less steep now than it was back on may 8th. this is all soooo bullish! goooo BIGN..!
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