Momentum and Breadth Often Turn before price. We can see as we examine the internals of the DJIA OBV did not participate and make higher highs with DJIA index Chaikin Money Flow show lack of conviction in Volume toward the latest Rally ACCM / DIST line just dipped as well indication this market is ripe for a turn.
Comments
huntingsniper
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Great calls! Wish i came to this site earlier so that I could read your posts earlier about the market turn - I was alerted by the huge volume jump on Sept. 21, 2012 which was very similar to that on Mar 16, 2012. Both followed by a market down turn. Your calls were multi-facets - drawing the conclusion from multiple indicators, the dow theory, OBV, CMF, and A/D line. I like it very much! Do you have a website?