Can’t this pulse reading change quickly? Yes, it can.
Let’s look at pictures of the indexes I follow to get a sense of what they look like in terms of pulse.
The S&P 500 Index (GSPC). We show the current picture, and a picture in 2008, before the Global Market Collapse.
Today the GSPC has no pulse.
Click to enlarge
In 2008, the GSPC ran out of pulse; and then the market collapsed.
Click to enlarge
The Australian AORD does have a tiny pulse. But it is not much of a pulse. Note the CGTS indicator (black line, Middle Pane) is still trending lower.
Click to enlarge
The Bank Index (BKX) has rallied back this past week – but it’s pulse is gone.
Click to enlarge
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