BBB im going to use probably the easiest example to see it. Look at the 2008 drop in that chart and notice the heavy white area in Novemeber. Do you see where the former swing that failed was taken out to the upside by now a thin white line and never looked back until about January but the market continued up for another 3 months and then as the lows where coming in they started buying again. Where the indicator did not work so good was in the 03-05 run but then caught up in 06. Probably because they bought so much in 03. If the same thing were to happen here in reverse where it is not a low yet but a Berringer of what is to unfold shortly of some really nasty drops until the real buying begins.
The chart to me looks ominus for now.
Edited by zoropb, 27 November 2018 - 02:31 PM.