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The Market Bias Indicator (or MBI)

 

Market Bias Indicator (MBI)

 

The explanation of the proprietary Market Bias Indicator (MBI) has been moved to the "Market Review" page (go to "Market Review Chart 3" for a current chart and explanations).  On the "Market Review" page, the chart is kept current.  This page remains so that some points can be made about the above chart.  According to this chart, the market currently has a negative bias (the heavy black line is below the horizontal line).  The indicator is rapidly moving toward a positive bias (the positive bias will be indicated when the heavy line crosses above the horizontal line).  The fact that both the indicator line and the confirmation line are rising tells us that money can be made on bullish positions taken by short-term traders who know how to trade in a market with a negative bias.  It looks as though the overall tone of the market will soon become positive. ~ Dr. Felt

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