The TSX Composite broke through 12800, confirming the primary up-trend signaled earlier by a 13-week Twiggs Money Flow trough above zero and 12500 breakout. Expect an advance to the 2011 high of 14300*.
* Target calculation: 12800 + ( 12800 – 11300 ) = 14300
Can you please advise as to the componenets of money flow…not sure I understand. Is it upside volume and downside volume etc,, or some other volume correlation?
The formula is described at Incredible Charts/Indicators/Twiggs Money Flow