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In that basis it should be a lagging indicator?
profitok wrote:
007e01c28f26$893cfd40$e9602f18@xxxxxxxxxxx">
no it is market barometer,, it takes all the positive
technicalls on the market each day and deduct all the negative, the result
is a number that is assigned to each day,,
then it sums the total of the last 10 days to make
the market barometer,,
Ben
----- Original Message -----
From:Charles Meyer
To:
realtraders@xxxxxxxxxxxxxxx
;
wheelsinthesky@xxxxxxxxxxxxxxx
Cc:
Vincent DONOVAN
;
dorothy.carter@xxxxxxxxxxxxxxxx
Sent: Monday, November 18, 2002 7:00 AM
Subject: Re: [RT] nasdaq
Ben-
Is the MBI the Market Balance Index?
Tks.
chas
----- Original Message -----
From:
profitok
To:
realtraders@xxxxxxxxxxxxxxx
;
wheelsinthesky@xxxxxxxxxxxxxxx
Cc:
Vincent DONOVAN
;
dorothy.carter@xxxxxxxxxxxxxxxx
Sent: Sunday, November 17, 2002 4:56 PM
Subject: [RT] nasdaq
Hello
adding fuel to the fire is my market barometer,,
it look at the health of the technicals and sums
them up,
it shows a definite bearish divergence,
top chart is NDX and bottom is the MBI
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