That is all true. If I were to try and argue the other
side I would say something that concerned me today on the gap
higher was there was really no positive divergence on the 30-60 min
charts where this recent drop started to put that in place.
Divergence itself isn't a signal but was something I was looking
for.
Edit...attached chart. 5 min does look like it wants lower.
Thanks Tom...in this crazy market I'm ready for anything (e.g. a
complete reversal into the close), but at this point it seems like
lower to me too. A negative earnings suprise by AAPL is a big
risk even though it has already lost $100 over the last few
weeks--it could still go more...or not...
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That is all true. If
US Dollar continues higher while ES (SPX) continues to move ...
Posted by tom on 25th of Oct 2012 at 12:10 pm
That is all true. If I were to try and argue the other side I would say something that concerned me today on the gap higher was there was really no positive divergence on the 30-60 min charts where this recent drop started to put that in place. Divergence itself isn't a signal but was something I was looking for.
Edit...attached chart. 5 min does look like it wants lower.
Title: Great technical perspective... Thanks Tom...in
Posted by sanrafael on 25th of Oct 2012 at 12:22 pm
Thanks Tom...in this crazy market I'm ready for anything (e.g. a complete reversal into the close), but at this point it seems like lower to me too. A negative earnings suprise by AAPL is a big risk even though it has already lost $100 over the last few weeks--it could still go more...or not...