Money flows dropped sharply on June 16 and 17 when Harbin Electric (NASDAQ:HRBN) took a beating. The stock fell hard with heavy volume and bounced back, something the money flow indicator picked up. Shares of Harbin Electric (NASDAQ:HRBN) have been recovering ever since. In contrast, stock price of Huaneng Power (NYSE:HNP) have fallen ever since and if the theory is right, China's largest independent power generator is up to a nice rally.
Huaneng Power (NYSE:HNP) reported operational statistics after the Hong Kong market close on Thursday, indicating additional volatility is ahead. http://www.marketwatch.com/story/huaneng-power-international-inc-power-generation-within-china-increases-2385-in-the-first-three-quarters-of-2011-2011-10-13