we see the SPX break below 1311.80 tomorrow and then decide if
it wants to bounce...ought to set up some long term pos divergences
on the 15 min macd and longer time frames if it does do this.t
yes generally when the 60 period stochastics on the 5 min chart
has been buried all day below 20%, it usually pops above it the
next day, unless a crash occurs, but that's generally what happens,
it plays out the next day. The same is true if 60 period
stochastics stays above 80% all day on the 5 min.
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I'll betcha big Pos divergences comin if
Posted by perthx on 1st of Jun 2011 at 04:05 pm
we see the SPX break below 1311.80 tomorrow and then decide if it wants to bounce...ought to set up some long term pos divergences on the 15 min macd and longer time frames if it does do this.t
ANYONE BUYING THE DIP?
Posted by rick33 on 1st of Jun 2011 at 04:12 pm
ANYONE BUYING THE DIP?
Bought 1310.5 ES using the
Posted by steveo on 2nd of Jun 2011 at 03:52 am
Bought 1310.5 ES using the PRS channel line method.
Guess not. We shld see lower
Posted by rick33 on 1st of Jun 2011 at 04:30 pm
Guess not.
We shld see lower prices tomorrow.
that was my point rick,
Posted by perthx on 1st of Jun 2011 at 04:34 pm
we get a lower low first, watch them 60 period stos on the 5 min and the 144 on the 15 min charts.
yes generally when the 60
Posted by matt on 1st of Jun 2011 at 05:05 pm
yes generally when the 60 period stochastics on the 5 min chart has been buried all day below 20%, it usually pops above it the next day, unless a crash occurs, but that's generally what happens, it plays out the next day. The same is true if 60 period stochastics stays above 80% all day on the 5 min.