FB follows the same pattern as AAPL: Oversold situations can be bought, as far as EV is up and of course we need positive momentum during the day (Price falling below and then above the entry price)
Pascal
FB follows the same pattern as AAPL: Oversold situations can be bought, as far as EV is up and of course we need positive momentum during the day (Price falling below and then above the entry price)
Pascal
Pascal,
Looking at the S&P 500 20-Day Large Players Money Flow, it looks quite unusual - the MF line has moved up to near the zero line while the market has headed straight down. Assuming the data is correct, how would you interpret this? Do you view this as serious accumulation by large investors? How often does this type of diametrically opposing action occur?
Thanks,
Adam
Hi Adam,
This is very unusual indeed and I do not recall having seem that in the past.
It seems that there could be two reasons for that move:
1. Money out of China and into large caps, which look like being safer
2. Interest rate differentials with Other parts of the world, which attracts money into US large caps.
Pascal
FB attracted much sellers today.
No way to fish for a long position here
Pascal