Summations are in freefall though.
So is there MCO divergence or not ?
Started by
ogm
, Jan 08 2008 10:23 PM
3 replies to this topic
#1
ogm
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Posted 08 January 2008 - 10:23 PM
Interesting that ratio adjusted MCO isn't as weak as the common stock MCO. But the common stock MCO's on just about every index have absolutely NO positive divergences of any kind. Though they do look a little oversold.
Summations are in freefall though.
Summations are in freefall though.
#2
qqqqtrdr
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Posted 08 January 2008 - 11:06 PM
Interesting read. I have it as a positive divergence, because it is. But like divergences go, it is a divergence until it's not.
Barry
#3
LarryT
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Posted 09 January 2008 - 09:23 AM
I like the SP-500 MCO myself as the best indicator and it has no positive divergence.
I also like the SP-500 AD line, notice it took out the August low yesterday, price will follow.
Edited by LarryT, 09 January 2008 - 09:24 AM.
#4
milbank
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Posted 09 January 2008 - 11:24 AM
Thanks Larry.
It's nice to see you on the board the last couple of days. I've been a fan of you and your charts and explanations for years.
It's nice to see you on the board the last couple of days. I've been a fan of you and your charts and explanations for years.
I also like the SP-500 AD line, notice it took out the August low yesterday, price will follow.
Edited by milbank, 09 January 2008 - 11:24 AM.
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