We are re visiting the market barometer
On 5/4 it produced the highest reading,
Priced reached the highest close on 5/8/09 just 4 days
later,
That day, when we made the highest closing price, the barometer
FAILS to make a higher high,
Resulting in a 50 sp point decline...
Currently the close today is at higher low, (than the
close on 5/15) and market barometer (mbi)
Is setting a higher low,
Implying no divergence
Price projection current is at 875
We probably get that intra day tomorrow
To read more about it or to purchase
http://cyclewave.homestead.com/
Then click on trade station tools/excel
Ben
