4 replies to this topic

[U.F.O.]

Still long. Little pullback to scare the masses. I'll look further in the next hour or so to see if anything else in my toolbox is starting to reek. (1 chart)

U.F.O.

[U.F.O.]

I'm picking up some fishhooks and negative divergences on various indicators, like Momentum, CCI, MACD etc. What does it mean? Time tells. I've seen these same chart patterns 1,000 times when we trade flat or slightly down and proceed to rally big-time. I've also seen them precede a large selloff. Only The Shadow knows. Mark, can I change my alias to "The Shadow"? Continuing to look for clues at the scene of the crime.

U.F.O.

An example of negative divergence using a common indicator, MACD's. (1 chart)

U.F.O.

[U.F.O.]

[U.F.O.]

OTOH, if you step back and look at a weekly chart.....why would you want to sell this pig? Weekly MACD's (1 chart)

U.F.O.

[eminimee]

http://stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=4&mn=6&dy=0&i=p39775933002&a=89306176&r=6804.png