Hi GS,
just a thought to consider. We both know who sent those charts to his subscribers. You may want to at least consider giving credit to the chartist as common courtesy.
the chartist may have an issue with someone distributing charts for which folks pay a fee.
lol.. maybe that guy took this SPX chart from my post on this thread earlier yesterday and sold it to the subscribers
Look how he even circled the same way I did
j/k... I'm sure many people noticing this same thing.
GS,
The 2001 divergence was different in a way. There were several extremely strong stocks in the Nasdaq. that were carrying the SPX.... TXN, LU, NT, CSCO, MSFT, ORCL ... and so on. This time the number of stocks like that is much smaller. 1999-2000 was a unique envirinment in that regard.
But of coruse divergences can last a little longer.
Edited by ogm, 02 December 2007 - 04:46 PM.