Browse Stacks: Analytics: long term lumbarsc.png

long term lumbarsc.png

I know many of you do not use indicators. But I find this one interesting. I have been following the action of lumbar and the SPX to look for a correlation. The last two times there was a bearish divergence with the SPX it appeared to be a harbinger of a decent correction of in the stock market. Lumbar has dropped significantly the last four days. I suspect when last major support is broken it will likely be a sign the winds have changed for the market too. Have a good week. T

Comments

DinkDink
Lumbar = Lumber? 3/17/14
loggjamminloggjammin
Thanks for the charts. No doubt, furniture stores have been disappearing like crazy. 3/17/14
TombTomb
dink: 1. I just finished work (reading lumbar x-rays) so it was on my mind. 2. I am missing the spelling gene. So try not to be too critical of my spelling. But feel free to tease all you want 3/17/14
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