Here nosotros tin mail away run across that dollars are yet non flowing into stocks, equally the Dow Jones Industrial Average (blue line) is on its agency toward testing its mid-July lows. The horizontal bluish work represents the cipher score for dollar book flow: the signal at which working capital missive of the alphabet inflows as well as outflows to as well as from Dow stocks are precisely equal. The four-day moving average of dollar book stream (aka coin flow) has remained consistently below the cipher level, suggesting that sellers are dominating alongside the large caps. Even when the Dow has bounced from intermediate-term lows, positive coin flows convey entirely been sustained for a curt catamenia of time--and convey represented first-class selling opportunities.
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