Just my take from looking at different hypothetical price maps.
Should we see lower lows in the coming month, there would be obvious (+) divergences in the daily standard issue indicators. However, the weekly indicators would barely even twitch from their downtrends. In fact, the weekly indicators would show just as obvious (-) divergences if we shoot for the high again.
At this point in time, it looks like a volatile summer trading range to me.
No market ownership into mid-summer
Started by
spielchekr
, May 25 2012 11:25 PM
2 replies to this topic
#2
fluid
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Posted 26 May 2012 - 03:42 AM
THATNKS spiel. Are you saying it can down just as much chance as it can go up?
#3
spielchekr
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Posted 25 June 2012 - 10:36 AM
Just my take from looking at different hypothetical price maps.
Should we see lower lows in the coming month, there would be obvious (+) divergences in the daily standard issue indicators. However, the weekly indicators would barely even twitch from their downtrends. In fact, the weekly indicators would show just as obvious (-) divergences if we shoot for the high again.
At this point in time, it looks like a volatile summer trading range to me.
What a difference a month doesn't make. I think price was at 1318 one month ago.
Again, no market ownership into mid-summer.
Edited by spielchekr, 25 June 2012 - 10:38 AM.
