http://stockcharts.com/c-sc/sc?s=$NDX&p=60&yr=0&mn=6&dy=0&i=p45876905036&a=133358187&r=5882.png
Edited by hedgehawk, 19 March 2008 - 07:08 PM.
Positive Divergence on NDX Chart
Started by
hedgehawk
, Mar 19 2008 07:07 PM
5 replies to this topic
#1
hedgehawk
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Posted 19 March 2008 - 07:07 PM
Cleared its downtrend line and now backtesting the downtrend line. Made a higher high now lets see if it holds this trend line...............
http://stockcharts.com/c-sc/sc?s=$NDX&p=60&yr=0&mn=6&dy=0&i=p45876905036&a=133358187&r=5882.png
http://stockcharts.com/c-sc/sc?s=$NDX&p=60&yr=0&mn=6&dy=0&i=p45876905036&a=133358187&r=5882.png
#2
TheArchitect
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Posted 19 March 2008 - 07:22 PM
back kisses of downtrend lines are BS for the upside... look at the market geometry... thats in NO WAY positive... u wanna back kiss an uptrend line after breaking it... bwtfdik... 
#3
hedgehawk
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Posted 19 March 2008 - 07:29 PM
r we just a wee bit bearish?
#4
thespookyone
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Posted 19 March 2008 - 07:48 PM
hedgehawk-I can tell you are a bit bullish as well=you don't have the higher low in yet, but you "hope". The pattern here for bulls has clearly been failure and hope.
#5
TheArchitect
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Posted 19 March 2008 - 07:53 PM
r we just a wee bit bearish?
well... if you're asking me... i think things are turning... into april... i was looking for another good sell off... started today... may well continue into tomorrow... maybe even monday/tuesday... not withstanding a few small rallies... but you know my stance for april... right?
#6
AChartist
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Posted 20 March 2008 - 07:16 AM
I think your channel interpretations is correct, you already have an new upward
channel with the two lows and a 1 point parallel top line.
channel with the two lows and a 1 point parallel top line.
Cleared its downtrend line and now backtesting the downtrend line. Made a higher high now lets see if it holds this trend line...............
http://stockcharts.com/c-sc/sc?s=$NDX&p=60&yr=0&mn=6&dy=0&i=p45876905036&a=133358187&r=5882.png
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
