Sunday, April 11, 2010

The Philadelphia Banking Index has trend which is likely showing a top for the banking index the week of April 12, 2010.


  1. Hello,
    I just came across your blog so am unfamiliar with your work. Is that a prop indicator you have built? Good results in past? Is there a chart of BKX topping? Your confidence level? Are you using pi cycle stuff with success?

  2. Yes it is a proprietary indicator. If you look through the charts from the past you can see that many of them were correct, the long term one for the housing index in 2007 which predicted a major low for the spring of 2009 was off by a couple of months, usually the accuracy is within a couple of days but that chart still showed in early 2007 the crisis that was about to unfold. I don't use Pi cycle models for most trading but the long term stuff, like June 2011 is extremely important as was late 2002 or early 2007, Martin Armstrong discovered a very profound hidden order. I think the BKX chart looks correct although technically is is not perfect, we'll see, it is a tricky indicator at times, sometimes no trend can be found on it, other times it jumps off the page.