|Chart updated on June 12, 2009
after the close. Click
Detail Barometer Chart for more information.
Dare we assume that we have a
major bull market, anew, OR should we keep it as a bear market rally for
now, until proven otherwise.
Any significant updates to this question will be here on the Barometer
page. And occasionally we will update the Leading Indicator chart (above
The new chart study:
This is the Barometer Leading Indicator chart that depicts what the
models see, or, what the data looks like dumped onto a chart.
The chart dates range from the summer of 2006 to current. The
yellow-plot line is the Barometer-plot. The green-plot line is the
positive boundary. The red-plot line is the negative boundary.
A positive market is one where you have the yellow-plot, the green-plot,
and the red-plot, in that order, ascending.
Conversely, If the red-plot is on
top of the others its not a good time for the bulls.
So in this study we will watch and see if the yellow and green are on top
of the red.
In a retracement the red will be dominant (on top), so its not a big deal
if it doesn't last long.
This particular chart is updated daily
but not published on the website routinely, for security reasons.
However, there is a similar flash chart that is
displayed daily, located in the
Market Snapshot section.