yes it's divergence via the RSI, not so good via the MACD
because the MACD lines just negatively crossed on Friday, generally
you want to see a divergence on the MACD that builds for days or
weeks, it doesn't mean that price can reverse up and the MACD lines
cross back positive very quickly, but it's just a preference of
mine. Otherwise for now the RSI divergence is OK since it's
trying to hold the 30% level.
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comments, Matt ?
Silver
Posted by dallassteve on 25th of Jun 2012 at 06:06 pm
parrich, that chart does show some nice divergence
Matt, perhaps you can comment on this in the newsletter?
thanks
yes it's divergence via the
Posted by matt on 25th of Jun 2012 at 07:45 pm
yes it's divergence via the RSI, not so good via the MACD because the MACD lines just negatively crossed on Friday, generally you want to see a divergence on the MACD that builds for days or weeks, it doesn't mean that price can reverse up and the MACD lines cross back positive very quickly, but it's just a preference of mine. Otherwise for now the RSI divergence is OK since it's trying to hold the 30% level.