Indeed, divergence of this kind in the 13d ema of TRIN has generally signaled an intermediate term top when the market was at strong resistance.
Monday, May 6, 2013
May 6 - the top is close ... again
This time it should be for real. The market is not too far from strong resistance and it has just rallied above the 1600 level. Given the growing weakness of the rally from November, a correction is looming.
Indeed, divergence of this kind in the 13d ema of TRIN has generally signaled an intermediate term top when the market was at strong resistance.
Indeed, divergence of this kind in the 13d ema of TRIN has generally signaled an intermediate term top when the market was at strong resistance.
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1 comment:
Adi, I totally agree with you. the Spike on the $CPC indicated at least we are closing to a pull back...
thanks for the Update, always!
Tony
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