And since both NYSE and SPX closed at new lows, I beleive this qualifies as positive divergences.
New Highs/Lows
Started by
ogm
, Aug 14 2007 06:47 PM
3 replies to this topic
#1
ogm
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Posted 14 August 2007 - 06:47 PM
... are non-existant.
And since both NYSE and SPX closed at new lows, I beleive this qualifies as positive divergences.
And since both NYSE and SPX closed at new lows, I beleive this qualifies as positive divergences.
#2
mss
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I'M WATCHING
Posted 14 August 2007 - 06:58 PM
The problem I have with daily charts is they do not adequately take into account those stocks that were ALMOST at new highs and went to ALMOST new lows.
ogm, I'm not really disagreeing with you, just stating my opinion on the data.
Am aware that opinions are like another body part, everybody has one. 
Best to you,
mss
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#3
ogm
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Posted 14 August 2007 - 07:11 PM
The problem I have with daily charts is they do not adequately take into account those stocks that were ALMOST at new highs and went to ALMOST new lows.
ogm, I'm not really disagreeing with you, just stating my opinion on the data.
Am aware that opinions are like another body part, everybody has one.
Best to you,
mss
I saw your charts on Fib's board. Looks bottomy too.
#4
kaiser soze
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Posted 14 August 2007 - 07:30 PM
Thats a good observation, ogm.
However, by a perverse logic, I think NDX is more vulnerable here. More so than SPX or Dow.
Its high beta for starters. A lot of permabulls are in high flying tech stocks. CNBC has been continuously touting Tech as safe haven, which it is NOT.
