Tuesday, December 16, 2008

Another proof of a possible pullback tomorrow

Well, I just saw another proof of a possible pullback tomorrow. Courtesy of www.decisionpoint.com.

 

Pay attention to SPX Climactic Volume Indicator (CVI), maybe the right side "Last 21 days" is clearer. CVI is too high, and it seems like every time CVI reaches the today's level, the next day will close in red.

CVI

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2 comments:

  1. AnonymousDecember 17, 2008 at 4:39 PM

    Senor Pan, thank you for the CVI chart. It suggests to me that we should get one more CONTAINED move to the upside which would fit my outlook for a Fri/Mon top.

    Could you please post the CVI chart again reflecting today Weds & Thurs.

    Regards,
    Monsieur dave

    ReplyDelete
  2. CobraDecember 17, 2008 at 10:25 PM

    Sure, will be in today's report.

    ReplyDelete