faith friday, page-5

I have an indicator that measures the value of the open less the close on SPI for the last 20 days.

I mentioned it once before when it suggested an extreme if the market didn't have a big reversal day to correct it and it happenned on that day.

Just generating and equal open and close for today and Monday says that it will generate a masive extreme down reading for Monday, even more extreme than Aug 17 which itself was huge.

So this suggests that we need a couple of days where the close is much better than the open or at least one day where it is huge.

I guess extremes are made to be exceeded but we will see.