Replies to post #16727 on The TradingEdge

[Oddlot]

SPY OBV signal possible

If we get a good round of selling late in day, such as would occur with a trendline break as described earlier, the OBV could decline below the range of the last 3.5 days and indicate a change in trend to the down side. In conjunction with violation of the MA17, this would say that we may be going down for 6 weeks. While this is in contrast to my general opinion, I try to be openminded.

Oddlot