ER2
#1
Posted 25 July 2007 - 09:58 AM
#2
Posted 25 July 2007 - 09:58 AM
Divergences on 30-min for the first time since the selloff begun. Caution....FWIW
explain plz....
oh and who is the caution for? longs or shorts?
#3
Posted 25 July 2007 - 10:01 AM
Edited by NAV, 25 July 2007 - 10:03 AM.
#4
Posted 25 July 2007 - 10:03 AM
#5
Posted 25 July 2007 - 10:04 AM
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#6
Posted 25 July 2007 - 10:22 AM
#7
Posted 25 July 2007 - 10:28 AM
I can see three waves down from the July 18th super cycle top....hahaha
am i crazy for going long at es 1524?
i might be...
#8
Posted 25 July 2007 - 10:28 AM
#10
Posted 25 July 2007 - 10:40 AM
nav, i always found divergences tough to trade. couldnt there be in theory be another lower low but a higher oscillator bottom?
this your personal momentum model right?
This is not a signal to buy, but a good place to cover shorts for VST traders. Aggresive countertrenders can take long trades,but very risky. Sure we can make another low with another divergence. But it's very rare you see more than 3 divergences.
BTW, i am only shorting bounces here until i get a hourly buy signal.
Edited by NAV, 25 July 2007 - 10:38 AM.