Hi, Cal - Well, you nailed it. The discrepancies are attributable to the intervals, and the differences between OBV and A/D: there is no problem.
I sure love looking at the DMX chart, right now. I see we're nearing a possible MACD crossover, and the DMI has flattened, in the daily. Stochastic has turned back.
On the weekly, the DMI is still trending up slightly, and oscillators are good-to-almost-too-strong.
Three A's seem to be walking a tightrope on 200-day MA, after we blew through it.
P+F charts give a "Double Top Breakout Alert"...
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"Double Top Breakout
X <-- double top breakout
X X <-- double top
OXOX
OXOX
OXOX
OX
O
For a double top, prices rise to a certain level and then retreat because the supply outstripped the demand at that level. If prices rise again to the level at which they retraced before, it is called a double top. If prices continue to carry through that level, a double top breakout is recognized by our alert system. The double top breakout alert implies that the buyers are now creating more demand than there is supply at the level of the double top and we have a breakout."
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And of course, saucers and cups with handles, reverse head-and-shoulders...
Every day, we get closer to anticipated news.
What is wrong with this picture? Something's gotta go wrong, right?
Regards,
Jim |
