Using the TBT theory for a leading indicator, we seem tho have
about 8 weeks of grinding sideways action up to a lower high or
more. After that it is down big time. The TBT has retraced about
90% of its high and the chart looks alot more like we would have if
the market were less funded by the government.
jroger, Could you please explain your TBT theory as a
leading indicator a little more fully. Is the TBT
leading the equity market or is it a coincident indicator moving in
opposite direction to the equity market?
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Using the TBT theory for
Posted by jroger on 4th of Jun 2010 at 11:04 am
Using the TBT theory for a leading indicator, we seem tho have about 8 weeks of grinding sideways action up to a lower high or more. After that it is down big time. The TBT has retraced about 90% of its high and the chart looks alot more like we would have if the market were less funded by the government.
TBT Theory
Posted by beck67er on 4th of Jun 2010 at 11:15 am
jroger, Could you please explain your TBT theory as a leading indicator a little more fully. Is the TBT leading the equity market or is it a coincident indicator moving in opposite direction to the equity market?