NYA, FTSE, and NDX, Nasdaq all made Lower Low but SPX and Dow did not !
Started by
skyymaster
, Oct 29 2008 11:11 AM
2 replies to this topic
#1
skyymaster
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Posted 29 October 2008 - 11:11 AM
I am waiting for a confirmation. If it shoots up, there will be time get in. I don't have to be a bottom picker here.
Anybody notice the divergence and any concerns about this?
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
#2
Data
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Posted 29 October 2008 - 12:07 PM
The Value Line Geometric Average VLIC broke the 2002 lows on Monday on the close and again intra-day on Tuesday.
The A/D lines also broke down below the October lows while the averages held.
Either that constitutes the retest or it's a harbinger of a 2002 low re-test for the headline averages (SPX, OEX, Dow, etc.).
Edited by Data, 29 October 2008 - 12:08 PM.
#3
skyymaster
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Posted 29 October 2008 - 12:15 PM
The Value Line Geometric Average VLIC broke the 2002 lows on Monday on the close and again intra-day on Tuesday.
The A/D lines also broke down below the October lows while the averages held.
Either that constitutes the retest or it's a harbinger of a 2002 low re-test for the headline averages (SPX, OEX, Dow, etc.).
That open possibility is why I am not in a hurry to join in. Opportunities everyday, no hurry. Being patient and emotionally nuetral can pay big time even after big rallies like this.
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
