http://stockcharts.com/c-sc/sc?s=SPY:$SPX&p=D&yr=3&mn=0&dy=0&i=p53898308025&r=2554.png
Trend Change part III
Started by
traderpaul
, Aug 14 2007 12:02 AM
4 replies to this topic
#1
traderpaul
-
- Traders-Talk User
- 6,034 posts
Member
Posted 14 August 2007 - 12:02 AM
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay
#2
eminimee
-
- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 14 August 2007 - 05:26 AM
I haven't got a clue what that spy:spx is telling you about a trend change, you have to explain that one... but as far as nylow is concerned....I see it as possitive divergence.
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=8&dy=13&i=p40486332893&a=109189416&r=363.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=8&dy=13&i=p40486332893&a=109189416&r=363.png
#3
airedale88
-
- Traders-Talk User
- 1,708 posts
Member
Posted 14 August 2007 - 06:40 AM
tea, not only is the NYLOW giving a positive divergence, it's showed numbers one would see at a major cycle low.
airedale
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
#4
eminimee
-
- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 14 August 2007 - 06:51 AM
tea, not only is the NYLOW giving a positive divergence, it's showed numbers one would see at a major cycle low.
Totally agree...
#5
ogm
-
- Traders-Talk User
- 13,780 posts
Member
Posted 14 August 2007 - 07:55 AM
tea, not only is the NYLOW giving a positive divergence, it's showed numbers one would see at a major cycle low.
True, in any other time. What worries me is the 1970's bear market period...
This is the only period I can find where high amount of new lows was very persistent.
