May

7

 Here's a reasonable explanation of money flows: "Money Flows-the Ultimate Indicator: Laszlo Birinyi on Why This Beats Technical Analysis"

The concept of money flows developed by Birinyi predicts individual and market performance. It's up volume versus down volume. If an institution wants to get rid of a big stock for example, they'll sell big volume on a down tick and let little volume drive the price up. Several academic studies found it worked. But Birinyi doesn't think it works anymore because of the dark pools. I wonder if it works in markets. Presumably this stuff is available on market profile type for stuff carried on Bloomberg. The measure is entangled with the price move also. It might be worth a hand study.


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