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Technology Stocks : Technology Stocks & Market Talk With Don Wolanchuk
MVIS 12.93-9.1%3:59 PM EDT

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From: j422312/27/2021 5:22:05 PM
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Here is the latest 'Spread Barometer' chart. I posted one earlier on WW last Tuesday as it dropped to the zero line. It did a good job of foreshadowing the triggering of the Bottom Spotter so I think it is a useful chart for CLX followers to build. Recall the arbitrary parameter for activation of the Botspot is a drop of greater than -1.00 on the 10 SMA of the CLX/PP spread.

The Dow top was made the next day and the barometer dropped below the zero line. Remember that this barometer is no more than a longer term form of the AYDIS….and that the setup of the chart projections forward as if the CLX/PP spread is unchanged is reflecting its offsets and factoring in what is required to maintain the activation of the Bottom Spotter. Looking at those projections is revealing visually the work that needs to be done to deactivate…..it has to get above that -1.00 blue line. Below that blue line means the Botspot chart is active.
Speaking of ‘visually'….he wonderful outcome of my eye surgery on Thursday has far exceeded my expectations….I never expected someone in their 90th year could see like a teenager again but I can! .....as long as I keep the quotes off of 'see'.……lol!

I'll post the Bottom Spotter chart next.....my internet service is slower than molasses today but I have energy to spare ~

Joanne

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