the worden scale has been falling for the past several days. is this an indication of things to come?
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I think so Joe. Take a look at the weekly chart of every index(DJ-30, IXIC, SP-500, SPY, QQQ) and you would notice that we have not been able to break the March highs yet. In addition, it may be important to point out that the failure prone base(ONeil) that has been made in each of these indexes.
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T2108 is most useful to me when it gets below 20%. It keeps me from becoming more bearish when the market is near extremely oversold levels.
the worden scale has been falling for the past several days. is this an indication of things to come?
I think so Joe. Take a look at the weekly chart of every index(DJ-30, IXIC, SP-500, SPY, QQQ) and you would notice that we have not been able to break the March highs yet. In addition, it may be important to point out that the failure prone base(ONeil) that has been made in each of these indexes.
T2108 is most useful to me when it gets below 20%. It keeps me from becoming more bearish when the market is near extremely oversold levels.