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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: Chris who wrote (41954)2/5/2001 1:55:58 PM
From: John Pitera  Read Replies (2) of 42787
 
Chris, One thing about the divergence on that DJIA weekly
chart. I would suspect that you are using the close to
calculate your overbought-oversold Osc, or MACD
that you are showing in purple. The DJIA closed at the
top of it's weekly range in Oct, hence it's you did
not have a lower low in price, on a close, to compare
with lows in Jan-Feb of 2000.

If the DJIA had closed at it's low that week in Oct in
probably would have created a divergence, so what you're
saying makes some sense.

Nice charts,

John
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