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.
Strategies & Market Trends : Stock Attack -- A Complete Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Chris who started this subject11/24/2000 8:50:07 AM
From: donald sew  Read Replies (1) of 42787
 
NOV 24 INDEX UPDATE
------------------------
As mentioned previously, we have been developing/back-testing our DIVERGENCE INDICATOR. LEE notice this morning a pattern which arrives at important bottoms. Although it is not statistically viable, the last time this pattern occurred was at the MAY BOTTOM in the NDX.

Additionally there is both a SIGNIFICANT POSITIVE DIVERGENCE and a normal POSITIVE DIVERGENCE in the NDX. So such are confirming the MID-TERM CYCLE LOW mentioned previously.

The DOW is not showing a POSITIVE DIVERGENCE. This is giving a hint that if the NDX does rally, especially if it rallys strong, it may be at the expence at the DOW. So the DOW may just lag or we could see EXTREME SECTOR ROTATION again.

EDIT: Just wanted to add that it doesnt mean that we go straight up, since a retest is still a possibility.
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