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LT Low without McSum bullish divergence?


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#1 jmicou

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Posted 29 December 2018 - 04:07 PM

Just an observation:  A long term low being made without bullish McSum divergence probably unlikely.  It could happen.  It is possible, just not likely.



#2 tommyt

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Posted 30 December 2018 - 03:48 PM

I looked back at 1998, 2000, 2008, 2009 and couldn't find a Mc Osc that made a fresh low with it ending up being the price low. All have some sort of divergence, good point.



#3 prognosticator

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Posted 30 December 2018 - 05:37 PM

Just an observation:  A long term low being made without bullish McSum divergence probably unlikely.  It could happen.  It is possible, just not likely.

 

 

Outstanding!



#4 jmicou

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Posted 31 December 2018 - 10:58 AM

Thank you very much.

 

So far, a minimum move up has occurred.  With the volatility and range expansion, the trading environment will likely remain interesting.  If the McSum bullish divergence would have occurred with the recent extreme readings, then the LT low would appear fairly solidly to be in place.