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Net Foreign
Activity
As of the close last Friday,
11/10/2008

charts are courtesy of Metastock
Description: The Net
Foreign Activity is calculated by taking the difference between the
daily foreign buying and daily foreign selling. It is an oscillator that
fluctuates around a zero line. If the oscillator is above the zero line,
then, there are more foreign buying than foreign selling. If the
oscillator is below the zero line, then, there are more foreign selling
than foreign buying. Foreigners are perceived by the market as being the
"smart money", therefore, their movements are closely watched by the
market.
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