25 replies to this topic

[eminimee]

when it comes to noting divergence..these are my favorites. Keeping in mind...divergence is just that...divergence. ..but can be useful when price is up against resistance....but even that is personally defined. I am trying to short 1519.50 with a stop at 1523 if hit........or I'll short ES if OEX can't make it above 692 or pops above and drops.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=3&mn=6&dy=0&i=p26029319412&a=74401962&r=6159.png

http://stockcharts.com/c-sc/sc?s=$NDX&p=D&yr=3&mn=6&dy=0&i=p27396823211&a=74522911&r=7657.png

Edited by Teaparty, 04 May 2007 - 08:27 AM.

[.Blizzard]

Same chart with the NDX...the divergence is evident

http://stockcharts.com/c-sc/sc?s=$VXN:$BPNDX&p=D&b=1&g=0&i=p02663637850&r=1148.png

Edited by .Blizzard, 04 May 2007 - 08:38 AM.

[fib_1618]

Given where the daily and weekly cumulative NYSE A/D line is, from an IT perpective, the internals look good. From a ST perspective though, some work seems to be pending on the downside.

No...from a short term perspective, the flow of money into the markets is lessening...NOT diverging.

The context here is all so important. The knowing of what tools such as the McClellan's represent are also of paramount importance.

As far as the McClellan Oscillator is concerned, at this time, the internals continue to take a pause to refresh on a trending basis....what's been created prior to this pause is burning white hot right now, so no new fuel is actually needed to keep the engine (prices) moving in this same trending direction.

Fib

[mss]

No...from a short term perspective, the flow of money into the markets is lessening...NOT diverging.

...take a pause to refresh on a trending basis....what's been created prior to this pause is burning white hot right now, so no new fuel is actually needed to keep the engine (prices) moving in this same trending direction.

Fib

Why is .."Trend is your friend"...always overlooked?? Money flow is the least understood factor IMO.

[arbman]

The treasury and the Fed pushed around $100-120B in temporary and permanent repos in April, no wonder the market moves above the crash gap and the USD dives...

[jjc]

To clarify, here I'm only predicting a trade back to yesterdays close. Fairly strong odds. Range bound the
remainder of the day.

Looks like a big old coil day... Odds of course lower that we will close the gap.

[arbman]

Let's not forget the soaring commodity prices too. Now that Mr Paulson got the Treasury position, the triangle in between the Fed, the gov't and WS is complete to bust the retail shorts everytime...

[fib_1618]

Now that Mr Paulson got the Treasury position, the triangle in between the Fed, the gov't and WS is complete to bust the retail shorts everytime...

Rubbish.

Please stop...you're better than this.

Fib

[arbman]

Now that Mr Paulson got the Treasury position, the triangle in between the Fed, the gov't and WS is complete to bust the retail shorts everytime...

Rubbish.

Please stop...you're better than this.

Fib

Honestly, I apologize, but I hate it when the public gets bullish and they pull the rug under them and chop their heads off when they all get bearish. Will The public ever realize they are gambling against the house everytime? The volatility that the investment houses can control makes most of the trading profits, the fundamentals are just for the advertisement. Whenever the WS firms feel the pressure, they can borrow easily or get the Fed to inject more liquidity, the public can't... Any comments?

[NAV]

No...from a short term perspective, the flow of money into the markets is lessening...NOT diverging.

...take a pause to refresh on a trending basis....what's been created prior to this pause is burning white hot right now, so no new fuel is actually needed to keep the engine (prices) moving in this same trending direction.

Fib

Why is .."Trend is your friend"...always overlooked?? Money flow is the least understood factor IMO.

Yes, trend is your friend Most often overlooked fact is what timeframe other traders are trading and what trend that particular timeframe happens to exhibit.

Crap in progress.....