http://chart.ly/skmhxr
RSI 2, above 99, always lead to higher prices, from 2002 to now:
http://chart.ly/4azdqv
A bearish divergence chart:
http://chart.ly/verkfr
SPX up, NAS relative underperform:
http://chart.ly/ma4bff
Are these bearish charts???
Started by
Tor
, Oct 17 2009 03:12 AM
2 replies to this topic
#1
Tor
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- Traders-Talk User
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Posted 17 October 2009 - 03:12 AM
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#2
beahero
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- Traders-Talk User
- 162 posts
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Posted 17 October 2009 - 09:19 AM
RSI 2, above 99, always lead to higher prices, from 2002 to now:
http://chart.ly/4azdqv
What about April '06? Looks to me like there was a decline immediately after hitting that level that forced the indicator back well below 50...
http://chart.ly/4azdqv
What about April '06? Looks to me like there was a decline immediately after hitting that level that forced the indicator back well below 50...
#3
Mark4124
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- Traders-Talk User
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Member
Posted 17 October 2009 - 10:50 PM
I guess I am not sure of the point in showing MCD, are you trying to imply that strength in this defensive name might be a bearish indicator?
