fwiw. No negative divergence on MACD suggests to me that a
down move taking out the early Feb lows is needed. It would
certainly fit in with Barbera's and McHugh's analysis that Wave 3
will take us down to at least the mid-low 900's.
Thoughts?
Steve - yes - however, my wedge is on the daily time frame - I
believe your wedge is on the 30 min. And I meant 'no positive
divergence' on the MACD (thanks Perthx for pointing this out).
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Broadening wedge SPX?
Posted by pebs on 25th of Feb 2010 at 05:51 pm
fwiw. No negative divergence on MACD suggests to me that a down move taking out the early Feb lows is needed. It would certainly fit in with Barbera's and McHugh's analysis that Wave 3 will take us down to at least the mid-low 900's. Thoughts?
that also means we cannot
Posted by rkelman on 25th of Feb 2010 at 11:58 pm
that also means we cannot finish higher than 1112 !
pebs - I posted a
Posted by steve on 25th of Feb 2010 at 06:06 pm
pebs - I posted a chart below showing a leading diagonal with discussion.
Steve - yes - however,
Posted by pebs on 25th of Feb 2010 at 06:22 pm
Steve - yes - however, my wedge is on the daily time frame - I believe your wedge is on the 30 min. And I meant 'no positive divergence' on the MACD (thanks Perthx for pointing this out).