"With Spread Di improving against all out plunge in Crude, how to decide how much lower Crude can still go with this Indicator showing positive?"

Good question, no easy answers here. But a few notes.

1. Since the length of the Di columns varies so greatly (say from 2 days to 17), this Indicator is far better suited to Options sellers than Futures traders. To use it for Futures trading is probably difficult and too randomish. But then, as you know I am a hopeless Futures trader, I don't even try. However JuanV trades both and also tracks this Indicator. Perhaps he could add his thoughts here.

2. The previous 14 day strong persistent Di from Jan 11 to 29 was vexing indeed. But an Options seller could just keep gently scaling down. Then finally came the indicated explosion North, 450 pts. in two days. But to gain only 450 points after such persistent deep buildup was disappointing.

3. Then came the new Neg Di into Feb 2, mentioned in posts by Ludek & me. This breifer gentler item triggered a sudden violent decline of 600 pts. in 3 days thru last night. The proportion of response to input seemed extreme.

4. And now we begin a fresh leg of extremely positive Di. Only 3 days old, but at CLHJ -33 we have soared already to new highs for the year, indeed new highs for many months.

5. And so I remain far more short of Puts than Calls, which has gotten me carried out on the stretcher Thursday & Friday a la broker Wilson from the OJ pit in Trading Places. I cannot be Bearish with CLHJ at -33, just cannot.

6. Your thoughts on CL & KC?

Best as always,
Barefoot