The Vince mbi is the market technical index
Each day you normalize the value to make
the day readings
Example
2000 issues up 1000 issues down and 123 unchanged
That will bring up a reading of 32.02%
up
The top left chart is just sp500
Bottom left is CUMILATIVE technical index
Notice the TERIBLE bearish divergence
The top right chart is macd on McClellan
volume ose also showing a TERIBLE bad divergence
Have a great week end
Ben
