THURSDAY 1424 AND 1387 are the significant projected levels to monitor. Chart of the 1363-1336 dead zone with an SP-500 McClellan oscillator on the BLOG.
http://wwwlarryt.blogspot.com/
Larry
THE DEAD ZONE
Started by
LarryT
, Aug 15 2007 09:57 PM
3 replies to this topic
#1
LarryT
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- Traders-Talk User
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#2
emdee
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- TT Member+
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Posted 15 August 2007 - 10:14 PM
Any thoughts on the positive divergence that is setting up on the NYMO?
Similar set up on Comp/Namo
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=2&mn=0&dy=0&i=p93239346945&a=114560095&r=8763.png
Similar set up on Comp/Namo
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=2&mn=0&dy=0&i=p93239346945&a=114560095&r=8763.png
#3
emkay
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- Traders-Talk User
- 245 posts
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Posted 15 August 2007 - 10:24 PM
Any thoughts on the positive divergence that is setting up on the NYMO?
Similar set up on Comp/Namo
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=2&mn=0&dy=0&i=p93239346945&a=114560095&r=8763.png
Brickie,
have a close look at june/2006 rebound, it made a higher high.
now look at aug/2007 rebound, it made a lower high.
so the bullish divergence are not same, meaning, the rebound this
august was lacking broad based commitment.
rgds
mani
