Modified “P-Index”
Do you remember a href="http://xtrends.blogspot.com/2008/08/introducing-p-index.html"this custom index/a I created back in August 2008 which a href="http://xtrends.blogspot.com/2008/09/are-you-scared-to-short-bear-sectors.html"helped me to capture the crash/a. br /br /The following chart belongs to the new version of that index. This modified P-Index contains an additional sector and all of its coefficients are adjusted accordingly. br /br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_ZdctlOEsqMQ/SfPjNChEfjI/AAAAAAAABl4/2PjOh42KlOk/s1600-h/DC_Capital_14+Apr.+26+00.08.gif"img style="cursor:pointer; cursor:hand;width: 400px; height: 262px;" src="http://2.bp.blogspot.com/_ZdctlOEsqMQ/SfPjNChEfjI/AAAAAAAABl4/2PjOh42KlOk/s400/DC_Capital_14+Apr.+26+00.08.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5328852597262810674" //abr /br /I have been following this new index for the last few weeks and it was another reason I called 850 area intermediate top. It doesn't matter whether SP overshoots 10 or 20 points above 850, we are forming an important intermediate term top here... br /br / The last two weeks were gift for me, I was able to optimize my positions for the next leg down that will likely end 40% below where SP is today. of course this will be obvious to the masses in coming months once SPX takes out 720.div class="blogger-post-footer"img width='1' height='1' src='http://res1.blogblog.com/tracker/2192317321691025209-8351321315216183335?l=xtrends.blogspot.com'//div
