The Price Target Indicator

I am hearing a lot of price targets on the S&P 500 and they are all south of here. That is usually a pretty good sign that the market is ripe for a bounce. Although it would be nice to get the Biggs Indicator, which called the most recent bottom and top.

3 comments:

Anonymous said...

My prime broker has been sending me hindenburg indicators every day.,

Tsachy Mishal said...

I often get traffic spikes on the site around lows and i have not had that yet but I won't have today's final numbers until tomorrow.

Chaos! said...

I think the level of the 10 day A/D is important as well. In '08 it needed minus 800 to anticipate a turn. At minus 450 i'm inclined to wait. The bond market may be telegraphing that we are back closer to the '09 environment than the '09 environment.