CONCLUSION

Finally, another important aspect is the closing tick index reading. I have found that closing tick readings exceeding

+750 are evidence for a potential short-term top. Closing tick readings of +1,000 or more almost always define a

short-term top.

Technically based traders have multiple tools to work with. Some are very complicated while some, such as the tick

index, are simple; some are very well known, while others languish in obscurity. Probably one of the least known is

the tick index - which may be why it works so well.