From: TimeandCycles@xxxxxxxxxxxxxxx
[mailto:TimeandCycles@xxxxxxxxxxxxxxx]
On Behalf Of ben
Sent: Thursday, May 21, 2009 10:32
PM
To: TimeandCycles@xxxxxxxxxxxxxxx
Cc: realtraders@xxxxxxxxxxxxxxx
Subject: [TimeandCycles] market
barometer
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
