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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: JRI who wrote (13897)8/5/2001 5:09:45 PM
From: Davy Crockett  Read Replies (2) of 52237
 
Hi JRI,

Of course, I have a bearish position, so maybe that colo(u)rs, my thinking... Interesting how both Softie and GE had recovered/trended up with market during move to May highs, and during last 2-3 waves up (lower highs on COMPX) since then...leading or at least keeping up w/trend......but on this last move, both have been lame.....HmmmCould this be a negative divergence? (Maybe meaning this down could break lower trend line of wedge to downside.)?...

I am thinking, & have been thinking that this is not good. Very negative actually.

I agree 100% with your point... Could this be a negative divergence? (Maybe meaning this down could break lower trend line of wedge to downside.)?

Regards,
Peter
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