musashi, page-27

I like momentum indicators. And as the name implies the MFI is a good indicator to show how much money is coming in or going out of a stock (security). Mainly to check how strong or weak a trend. But I must admit I use the RSI a lot more as I find it gives similar results. The one thing I like with the MFI is the divergence signals.


GCN is a sock I’m very interested in. So the signals haven’t passed me by. Divergence on the MFI and other indicators heading into oversold. In my previous post I did say 36-37 was the balance point. So far it seems to be holding. I’m finished for the year and I wont be trading until the first week in January. So even with some positive signals today I’m still waiting for further confirmation.