THis is the "classic" buy divergence that leads to immediate reaction back to
5 minute EMA. Note that the 3/10 oscillator (fast line) stayed below the
zero line for the whole forming of the divergence. Note that there was
strong momentum to downside on first push as price pentrated the Keltner
Channels. Note the slow line (pink line) was at low
reading. Play is for reaction back to 20-minte EMA. Reaction up
was also shorting opportunity (grail sale).........take part off on push down
and trail stop on balance. Market may or may not make new low after
a buy divergence.
Oct 17 2003
11:17AM
SOX - 5 minute buy divergnce
rally back up will be short
Oct 17 2003
8:32AM
EC intraday structure
Oct 17 2003
8:28AM
MSFT - Stock to watch!
Oct 17 2003
8:27AM
European Markets - consolidating recent move up.
Oct 17 2003
8:22AM
European Markets - consolidating recent move up.
