as I said, most days like this end up all playing out the same
way, generally you hold up all day and the 60 period stochastics
stays up above 80% all day, however then it falls below 80% on the
next day. All trend days seems to play out in this manner
Yes there is divergence in the MACD but it was way above zero
and is simply recycling down. Watch the 60 period
stochastics.
Also do a search and review some past trend days, they all look
the same and behave the same.
Posted by harshblue on 5th of Oct 2010 at 02:38 pm
Frankly, I dont know the difference between negative
divergence and recycling down of MACD. You always figure that out
after the pattern has played out.
It's great how much good stuff you can find with the search tool
on the left sidebar. To find all those educational videos,
put video in the By Keyword: box, and matt in the By Member: box,
and it turns up all of Matt's educational video posts over the
last year or so.
Neg DIV on MACD SPX 5 min. chart
Posted by dpack on 5th of Oct 2010 at 02:18 pm
Steve or Matt - Im watching a huge neg divergence on MACD SPX 5 min chart - any comments on that? Seems POMO day is ON.
TNX
as I said, most days
Posted by matt on 5th of Oct 2010 at 02:20 pm
as I said, most days like this end up all playing out the same way, generally you hold up all day and the 60 period stochastics stays up above 80% all day, however then it falls below 80% on the next day. All trend days seems to play out in this manner
Yes there is divergence in the MACD but it was way above zero and is simply recycling down. Watch the 60 period stochastics.
Also do a search and review some past trend days, they all look the same and behave the same.
TNX
Posted by dpack on 5th of Oct 2010 at 02:42 pm
TNX
Frankly, I dont know the
Posted by harshblue on 5th of Oct 2010 at 02:38 pm
Frankly, I dont know the difference between negative divergence and recycling down of MACD. You always figure that out after the pattern has played out.
Recently, I just see the MACD recycling a lot.
I've posted numerous videos about
Posted by matt on 5th of Oct 2010 at 02:39 pm
I've posted numerous videos about it.
to find the educational videos
Posted by curtis on 5th of Oct 2010 at 02:54 pm
It's great how much good stuff you can find with the search tool on the left sidebar. To find all those educational videos, put video in the By Keyword: box, and matt in the By Member: box, and it turns up all of Matt's educational video posts over the last year or so.
Well, till yesterday I felt
Posted by harshblue on 5th of Oct 2010 at 02:48 pm
Well, till yesterday I felt the MACD on SPX 60 min was forming negative divergence.
today, I see that it could be that MACD was recycling to 0 and has bounced now.
So how do you figure out the difference? thanks.