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#1 CLK

CLK

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Posted 26 August 2012 - 01:54 PM

This chart is a little concerning, I was early by a couple weeks the first top call at blue lines.
Two ways to read this, one is OEX has rallied to new swing highs while the brokers have
diverged, the other is that the brokers may catch up swiftly as they are sitting at a double bottom while
OEX is positively divergent on a 9 month basis. Bottom line, the brokers must put in a big rally this week or next and if not,
the market will sell down. Since this is a weekly, there is time for more rally before a top is in.



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Edited by CLK, 26 August 2012 - 01:55 PM.