Heed Caution!
The Wall Street analysts have been calling the bottom all week but just be careful out there. This is one of my favorite indicators, Worden’s 4-week cumulative high-low indicator (green). I posted about it before, but as you can see it has failed to confirm the latest rise in the markets (red line = S&P). Any time I see a negative divergence with this indicator I have to think all the commentator hype may be short-lived.

Filed Under: Market Overview







