The USD/JPY price shows a stunning divergence between the bullish signals (the right-most blue up-arrow signal from the pps and the rising rsi), while prices move in the opposite direction.
Since our indicators measure money flow, this would suggest a fairly delicate balance between inflows and outflows amid a great deal of uncertainty about where the dollar will go.
The smart money, at this time, seems to have much in common with the dumb money.
Super-quant David Brown writes this morning about the "Strange Dance With the Dollar"
"Money flow", by the way, is one of the more unfortunate terms in the game. In any market transaction, $1 flows in for every $1 that flows out. Money flows always balance out to zero. What "money flow" indicators really measure is the eagerness of sellers to sell as against the eagerness of buyers to buy. The more eager the sellers, the lower the price they're willing to take, and the more eager the buyers, the higher the price they'll happily pay. But the money, rather than flowing, is more or less just sloshing around.
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