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I and everybody else is looking for a top. Momentum indicators often
show divergences in strong up trends. I'd be real careful with that. OBV
is not particularly useful anywhere.
I had thought 21-April or 23-April, but patterns say otherwise. Possible
timing count to 6-May pr so, but if SPX (cash S&P 500 index, not the
futures) gets to 1400, then there will be more to come.
I do see a correction for Tuesday/Wednesday, but only a few percent.
After May 6th, could be much worse. Will have to see.
Steve Poser
--
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
Ross Kovacs wrote:
>
> Anyone else see these?
>
> 1. NYSE Member Short Ratio highest it's been in 3 months
> 2. CBOE Total Puts/Total Calls ratio lowest in 4 months
> 3. Multiple divergences -- New index highs with lower highs in OBV, RSI,
> Price ROC
>
> Ross Kovacs
>
> rossrk@xxxxxxxxxxxxxx
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