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[RT] market barometer



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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



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