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sc (930×707)

S&P 500 with PMO Indicator - - major crossover to the downside.

Comments

BKudla wishes he was MauilivingBKudla wishes he was Mauiliving
LOL, totally worthless indicator. No predictive value, at all. :-) 10/4/15
Ace HunterAce Hunter
The only major crossover that I paid any attention to this year was Bruce Jenner's. That was the top. 10/4/15
Mike1981Mike1981
Glad I'm not the only one who has been using this for a long time. 10/4/15
DinkDink
Look, I'm not going to purposely hurt anyone's feelings or belittle their beloved indicators, but the sample size on this indicator is 2, the 2000 top and the 2007 top. The assumption is therefore that the next top will look just like the prior 2 and that is the major mistake. It is very likely that this indicator will not work this time and the crossover will lead to sideways consolidation vs. a bear market. What happens with momentum indicators like the PMO and MACD is that when the market is in a strong breakout trend higher, the crossover leads to sideways consolidation and not a bear market. My prediction is the indicator will reset towards zero while price consolidates in a tight range between $170-$210. 10/5/15
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