Attach please find the current reading for the
market barometer
(the 2 dashed lines)
As you can see on 9/1 and 9/2 prices moved lower
but the barometer did not and showed a bullish divergence, prices went MUCH
higher later
then
on 9/16 and 9/23 the market went higher but
barometer was showing a BEARISH divergence
and prices went down from 1080 to 1041
Friday
what's next?
the barometer now is showing a BULLISH
divergence
prices went lower Friday, but barometer did
not
does it mean you run to buy?
no
it means if short, cover Monday
for more info on this
2 places to do so
b:http://www.stockindextimer.com/barometer/
have a great week end
Ben
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