http://stockcharts.com/h-sc/ui?s=$NAM...id=p62536826980
Edited by redfoliage2, 20 May 2010 - 10:31 PM.
Today Could Be the Day
Started by
redfoliage2
, May 20 2010 10:26 PM
7 replies to this topic
#1
redfoliage2
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Posted 20 May 2010 - 10:26 PM
NYMO is divergent from the SPX close price. Also same divergences in CCI, MACD at Feb. low and today:
http://stockcharts.com/h-sc/ui?s=$NAM...id=p62536826980
http://stockcharts.com/h-sc/ui?s=$NAM...id=p62536826980
#2
dcengr
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Posted 20 May 2010 - 10:31 PM
to be divergent, doesn't NYMO have to be higher than the previous low?
Qui custodiet ipsos custodes?
#3
tommyt
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Posted 20 May 2010 - 10:34 PM
to be divergent, doesn't NYMO have to be higher than the previous low?
there is no divergence yet. when it turns up there should be.
#4
MikeyG
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Posted 20 May 2010 - 10:36 PM
930-950, probably by the end of May...
#5
redfoliage2
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Posted 20 May 2010 - 10:40 PM
No, as long as the angle of the lines are obviously different.to be divergent, doesn't NYMO have to be higher than the previous low?
#6
redfoliage2
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Posted 20 May 2010 - 10:41 PM
That's why I said "could be the day"........to be divergent, doesn't NYMO have to be higher than the previous low?
there is no divergence yet. when it turns up there should be.
#7
redfoliage2
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Posted 20 May 2010 - 10:43 PM
You can have any numbers and I even heard 666 ...........930-950, probably by the end of May...
But no one on the wall street will like it and the central banks will not like it......... That's from where the market is controlled. The real cause for this market dump is that the wall street was really nervous and angry about the Bank Reform Bill, but I don't see it wants a total crash. But with the concerted High Frequency trading programs running at the same direction, they could engineer a total crash.
Edited by redfoliage2, 20 May 2010 - 10:51 PM.
#8
mcleert
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Posted 20 May 2010 - 11:43 PM
to be divergent, doesn't NYMO have to be higher than the previous low?
there is no divergence yet. when it turns up there should be.
Ok-divergence is important but flash computer trades react to next move only. If buyers come in computer says buy
and vice verso. Every indicator is useless when computer says so!!! A turned up divergence can be misleading.
