MOVB(E) is a proprietary, bounded momentum indicator adjusted by volatility. A weekly reading of -75.71% was generated on the Amex's gold and silver mining index (XAU) on October 24th 2008 at the height of investor panic. Today's weekly reading of -62.71 represents the sixth clustered reading below -60% since 2001. That's roughly one buy signal every two years. Rare indeed. Please keep that in mind when the media's version of chicken little screams the sky is falling.

Chart: Amex Gold and Silver Mining Index (XAU)


http://edegrootinsights.blogspot.fr/2012/04/sky-is-falling-indicator.html