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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Tom Trader who wrote (2530)8/26/1998 12:35:00 PM
From: SE   of 44573
 
The TICK divergence means we are going lower.

Had the TICK been higher and the SPOO higher it is in step and hard to make any guesses as to direction. Had the TICK been lower and the SPOO higher, then it means lower. It was TICK even SPOO higher...which means lower for the SPOO, but not as strong as it would have been had the TICK been lower.

ACK...bad explanation. I have a site somewhere that does it with graphs....I will find it for you.

TICK rule should still hold, however, the high is now 1095, so 1085 is the new level....big deal, we were just there! :)

EDIT - Sure while I am gone looking for that site...and I don't think I can find it, my set-up goes on a sell signal....FWIW.
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