Edited by TTHQ Staff, 13 April 2007 - 08:04 AM.
Negative Divergence Between Banks and SPX
Started by
redfoliage2
, Apr 13 2007 04:33 AM
3 replies to this topic
#2
spielchekr
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Posted 13 April 2007 - 04:59 AM
Banks probably do need to bounce next week, says the ratio portion of this chart.
http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=7&mn=0&dy=0&i=p96842948695&a=97790912&r=9137.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=7&mn=0&dy=0&i=p96842948695&a=97790912&r=9137.png
#3
greenie
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Posted 13 April 2007 - 05:10 AM
Banks probably do need to bounce next week, says the ratio portion of this chart.
Are you sure your chart says banks need to bounce? Could SPX fall and achieve the same goal?
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
#4
greenie
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Posted 13 April 2007 - 05:11 AM
http://ichart.finance.yahoo.com/z?s=^BKX&t=1y&q=l&l=on&z=l&c=^GSPC&p=s&a=v&p=s.png
started recently??
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
