SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Brent Hogenson who wrote (47075)6/30/1999 8:19:00 AM
From: Gary Burton  Read Replies (1) of 95453
 
Brent-in your iqc chart, notice how the peaks in the macd are getting lower and lower while the interim peaks in the osx were going higher. It is this kind of negative divergence that spells loss of momentum and end of move. when that happens, usually the troughs in the macd oscillator go much lower under the zero line than is the case at present...bottom line, the current rally wants to retest the 82ish high but may not have enough juice to do it this time and it will fail-after which another drop may cause the macd to then drop deep into negative territory.....From an EW perspective, a case can be made for slight new highs in here. However a case can also be made for a drop into the 60's. Bottom line, I'm staying cautious for the time being mainly because I don't feel comfortable with the chart. We all know the fundamentals of course, including the sellers (g).good luck
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News