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60 min summation. Plenty of room to run.


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#1 ogm

ogm

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Posted 08 August 2007 - 07:37 AM

This has to get back to zero line at least. Can easily overshoot.

Here is the thing to watch... how the price mover in relation to the summation. If summation moves faster then price, market is in trouble, if the price moves faster, then its bullish.

At this point both A/D and volume summations turned up, after making a big positive divergence in deeply oversold territory. So I wouldn't touch anything short here. Not worth the risk.

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Edited by ogm, 08 August 2007 - 07:38 AM.