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I second that: Any momentum divergence is to viewed suspiciously at years end
due to window dressing: especially this year when so few stocks belong to the
big winners list, the moves are really exacerbated. It might all end in the
next few days though.
Gwenn
ROBERT ROESKE wrote:
> You want a divergence indication? Look at the end of day net cumulative
> volume of the NYSE versus the INDU. Generally the stock index follows the
> net cumulative volume, but at year end we have the sell the loser mentality
> that has created quite a divergence. Cumulative volume is quite a ways
> below its 200 day MA and the RSIs are quite divergent. Any other time of
> the year you might expect a crash, but this time of year it just looks like
> housecleaning.
>
> BR
>
> ----- Original Message -----
> From: Brent <brente@xxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, December 21, 1999 8:58 AM
> Subject: [RT] Re: Crash Index at minus 10 Reading
>
> > Regarding this crash business, have any of you looked at a monthly chart
> of
> > ths S&P with a divergence indicator on it?
> >
> > Brent
> >
> >
> >
>
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