as steve emphasized last night, the indicators follow the market
and are not predictors...basically I see the neg div too but also
know that with a strong enough move they all get obliterated OR can
set up even longer or bigger divergences for a couple days before
playing out...just be careful
it is currently below the lower BB...if it closes there and then
closes back within the next day or two, that generally will be a
sell signal...lots setting up here and screaming BE CAREFUL!!
and the sell could be a sharp 1 day deal too just be
careful....I am looking to book some profits early going into
weekend...especially as i may be traveling Monday/Tuesday and
AFK!!
I think lots of people will be booking profits going into the
weekend. Not sure what kind of pullback we get but hope it's decent
enough to redeploy more longs.
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major negative divergence setting up
Posted by mrab on 2nd of Dec 2011 at 10:11 am
on all the spx interday charts with this latest push up
sure BUT
Posted by perthx on 2nd of Dec 2011 at 10:14 am
as steve emphasized last night, the indicators follow the market and are not predictors...basically I see the neg div too but also know that with a strong enough move they all get obliterated OR can set up even longer or bigger divergences for a couple days before playing out...just be careful
it's just a warning sign for the short term
Posted by mrab on 2nd of Dec 2011 at 10:17 am
we did have a 900 point move in less then a week, some kind of pull back need to happen in the near future
sure and look at daily VIX
Posted by perthx on 2nd of Dec 2011 at 10:28 am
it is currently below the lower BB...if it closes there and then closes back within the next day or two, that generally will be a sell signal...lots setting up here and screaming BE CAREFUL!!
Daily SPX 200dma at 1265
need it to close first
Posted by jdaswani on 2nd of Dec 2011 at 10:28 am
need it to close first below...
sure, VIX has to close down there
Posted by perthx on 2nd of Dec 2011 at 10:31 am
and the sell could be a sharp 1 day deal too just be careful....I am looking to book some profits early going into weekend...especially as i may be traveling Monday/Tuesday and AFK!!
I think lots of people
Posted by tomW1 on 2nd of Dec 2011 at 10:35 am
I think lots of people will be booking profits going into the weekend. Not sure what kind of pullback we get but hope it's decent enough to redeploy more longs.