Hey Guys,
This indicator is also, entering into our trigger line. And, here is my follow up analysis. First, it seems that we also have two sections for this indicator. First section with reading above 87, second section with reading below 87 2014-2015 dividing the sections.
- we can get up to 5 -3 weeks before a top then a correction
- we can get reading just @ tops then correction
- we've missed big pull backs 18-11 % with readings just around
"70" just like today !!!
-top small ones !! with pullback of just around 3-5 %
- missed 2015 July & November 12-15 % Pull backs reading around 50s !!!
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In Conclusion: Remember that we missed good pullback 12-18 % with reading between 50-70 on the down side and on the up side !!!! we got small dips and false signals.
wish you all the best.