3 replies to this topic

[redfoliage2]

RSI as well:
http://stockcharts.com/c-sc/sc?s=$SPX...5676&r=3997

Edited by redfoliage2, 07 May 2007 - 03:50 AM.

[redfoliage2]

RSI as well:
http://stockcharts.com/c-sc/sc?s=$SPX...5676&r=3997

Same with NDX Weekly:
http://stockcharts.com/c-sc/sc?s=$NDX...5676&r=7584
BTW, is it an expanding triangle there?

Edited by redfoliage2, 07 May 2007 - 03:55 AM.

[mortiz]

Any divergences between price and money flow depends upon how money flow is measured.

If one looks at the McSum of the Russell 3000 (RUA) components' daily price change*volume ($PCV), looks like net money flows into the 3000 largest cap US stocks is keeping up with price.



If one looks at the AD McSum of the RUA components, then we have a negative divergence, illustrating the tentative participation of smallest cap issues from the March lows.



The RUA $PCV McSum, along the NYA component $PCV McSum, have blown away their 2003 highs..... promising much higher prices ahead in the long term.

Randy N.

[redfoliage2]

This uses the default setting from StockCharts.com:
http://stockcharts.com/c-sc/sc?s=$SPX...5867&r=4456