[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: [RT] nasdaq whats next

PureBytes Links

Trading Reference Links
Lenny
the attachment is EXELLENT
it talkes about the  rsi and how it is REALLY  a better indicator than others
i would highly recomend anyone who is a serious trader to read VERY carfully this article
it includes fantastic  examples
Ben
----- Original Message -----
Sent: Sunday, August 24, 2008 10:45 PM
Subject: Re: [RT] nasdaq whats next

Andrew Cardwell - RSI - Positive and negative divergence??
 
Lenny
 
In a message dated 8/24/2008 10:40:08 P.M. Eastern Daylight Time, jan4123@xxxxxxxxxxnet writes:
Ben,
 
Not questioning your forecast (I wouldn't dare), but regarding McClellan and perhaps also your barometer (I don't know the basis of it), it looks to me that after the bearish dvg betw 7/24 and 8/15, there is now bullish dvg with the indicator L lower than the L of 8/5 and price L higher and, as such, calling for a rally.
Similar to 8/5 vs 7/28 although both, divergence and negative dvg developed by a flat mkt are unreliable
 
It can be explained as the correction being actually stronger than what the price shows, makes now the mkt ready to go up again. .
 
Barbara Starr wrote an article in Stocks & Commodities on dvg of this type years ago and, also years ago, a man whose name escapes me, specialized in dvg, and wrote on the same subject.
Anybody remembers his name?
 
Jan Philipp
 
----- Original Message -----
From: Ben
Sent: Sunday, August 24, 2008 3:07 PM
Subject: [RT] nasdaq whats next

the NASDAQ looks like is going to underperforms
 
in the next move down will go down in % more than sp500
 
here is why
 
the chart attached is the  top left is NASDAQ
under it is chart of market barometer
 
it is clearly  showing now a bearish divergence
 
the top right chart is the macd on the  volume McClellan osc
it is on a sell  and bottom right is  the diff between the  2 histograms
also already on sell
even we have a nice up day Monday/Tuesday that is gift for shorting
Ben




It's only a deal if it's where you want to go. Find your travel deal here.

No virus found in this incoming message.
Checked by AVG - http://www.avg.com 
Version: 8.0.138 / Virus Database: 270.6.7/1631 - Release Date: 8/24/2008 12:15 PM
__._,_.___

Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___