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Been following this XMI thinking maybe its weighting in big stocks might
have a clue for direction of the rest of the stock world. Today it opened
below the pivot, and sold off immediately. Now it looks like it's half hour
candles are losing downside momentum and the intraday bull/bear
consensus(middle plot) is working sideways in a positive divergence. The
reading based on daily values is still -1 bearish. The OEX dollar C/P hit a
low of 0.30 and is now working higher. Perhaps today is the low.
bobr
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Attachment:
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