Nailed cycle lows around 80-90 days.
Huge bullish divergences in my system indicators, 60min
and daily.
NYSE, the weakest, had one of the best signals today,
a lower mco with higher close.
Remember I was worried of the daily cycle lows persisting
after the larger weekly low occured in July. I think these are satisfied right now as of today.
With last weeks low taking care of 100-120 day lows,
and these bullish divergences taking care of cycles 80-90 days.
The low
Started by
AChartist
, Aug 25 2008 08:38 PM
4 replies to this topic
#1
AChartist
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Tim
Posted 25 August 2008 - 08:38 PM
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#2
AChartist
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Tim
Posted 25 August 2008 - 09:10 PM
Unless it has lower to work before the reversal. It may be a rocket on volume.
Macd looks the most dangerous but there is not a histogram divergence yet.
I'm not even going to look tomorrow but I have to close some hedges early.
Macd looks the most dangerous but there is not a histogram divergence yet.
I'm not even going to look tomorrow but I have to close some hedges early.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#3
U.F.O.
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U.F.O.
Posted 25 August 2008 - 09:17 PM
nm
U.F.O.
Edited by U.F.O., 25 August 2008 - 09:18 PM.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#4
Iblayz
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Member
Posted 25 August 2008 - 11:25 PM
[attachment=8115:SPX82508.png]
#5
CHAx
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Member
Posted 26 August 2008 - 08:40 AM
Get on top of the bottom trendline and I will be thinking it was a fake break below, or the other possibility is the trendlines are wrong and we have a sideways chop. If this holds I have to remain ST/IT bear biased. Trade safe. This market data is AS OF Friday Aug 22.
Edited by CHAx, 26 August 2008 - 08:49 AM.
