Still seeing ED's
#1
Posted 14 February 2007 - 03:04 PM
#2
Posted 14 February 2007 - 03:08 PM
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#3
Posted 14 February 2007 - 03:18 PM
#4
Posted 14 February 2007 - 03:42 PM
Hi Teaparty, thanks for the excellent INDU chart depicting the potential ED and the MACD fan lines. Keep up your good work and your value for ethics.http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=11&dy=0&i=p14096164894&a=85048065&r=9615.png
Good luck on your trades,
Bob-C
Edited by Bob-C, 14 February 2007 - 03:46 PM.
#5
Posted 14 February 2007 - 04:00 PM
Divergences don't have the same degree of merit if the flow of money is moving in the opposite direction.Fib..yeah...I'm aware of that.....but we shouldn't be seeing that type of divergence on macd and rsi on a leading D?
But forgetting indicators for a moment, an ending diagonal would tend to have higher volume characteristics than what we have at the current time. Leading diagonals, on the other hand, show lower volume levels due to the nature of traders continuing to disbelieve what the price sequence is suggesting. This works either in advancing or declining price patterns.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#6
Posted 14 February 2007 - 04:03 PM
http://stockcharts.com/c-sc/sc?s=$SPX&p=15&yr=0&mn=1&dy=21&i=p80130476604&a=89430406&r=1035.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=8&dy=21&i=p39300587637&a=91722385&r=514.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=3&mn=3&dy=0&i=p41860121417&a=81489240&r=2239.png