and you shall not see a single A/D line or internal divergence there.
expecting %30+ plunge from that point
I will be wrong if it trades above 2910....
Edited by xD&Cox, 04 January 2007 - 05:55 PM.
Posted 04 January 2007 - 05:52 PM
Edited by xD&Cox, 04 January 2007 - 05:55 PM.
Posted 04 January 2007 - 06:02 PM
Edited by hiker, 04 January 2007 - 06:02 PM.
Posted 04 January 2007 - 06:07 PM
Edited by CLK, 04 January 2007 - 06:09 PM.
Posted 04 January 2007 - 06:31 PM
How do you know that? After all, we saw A/D and momentum divergences all over the place with the NASDAQ run up in the late 90's.and you shall not see a single A/D line or internal divergence there.
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Posted 04 January 2007 - 07:12 PM
Posted 04 January 2007 - 07:35 PM
<Copied from my previous reply>
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The question is how accurate A/D line can measure money flow. I don't think it is the most reliable way to do it. I dont know the most reliable way myself. But I know that A/D line doesnt work always. I can show you many tops that was built without A/D divergence. Some rallies are truly led by a few and the rest of the market follows them as long as they move. Until the leaders stop, usually you wont see an obvious A/D divergence. This occurs in mindless moves like terminals, parabolas. Main driver is sentiment and liquidity, not fundamentals. The end point is the point of saturation or the point where the big money decides to sell. That moment, everything turn on a dime and rolls over in a snow ball effect.
This is what is about to happen to Shangai index imo. Big money will sell at the exact multi decade pivot zone 2850. It could turn the euphoria into panic shortly.
Posted 04 January 2007 - 08:42 PM
Posted 04 January 2007 - 09:26 PM
Posted 04 January 2007 - 10:43 PM
xD&CIA?Loking at the rest of Asia today, this could be the call of the year.