If you look at the daily charts of pretty much any of the
indexes, you can see the divergence in ROC from the bottom of Wave
3 to Wave 5. (Something I learned from Matt and Steve but
they use the Mac D Histogram which also shows it)
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Title: Wave 5 Divergence http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=8&dy=0&id=p85056872153&a=153483026&listNum=28 If you
Posted by finam on 29th of Oct 2008 at 01:34 pm
http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=8&dy=0&id=p85056872153&a=153483026&listNum=28
If you look at the daily charts of pretty much any of the indexes, you can see the divergence in ROC from the bottom of Wave 3 to Wave 5. (Something I learned from Matt and Steve but they use the Mac D Histogram which also shows it)