>>> Dabum, is there negative price/volume divergence for the OIH on the daily chart? <<<
No, I wouldn't call the volume a negative divergence.
Although we saw a couple of high volume sell days, when you get a closer look at the chart, high volume sell days would be followed with lower volume buys days, but buy days outnumber the sell days.
I do see a negative divergence in MACD and money flows though. With price breaking out to a new high you'd like to see MACD confirming a new high and money flows as well.
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>>> What do those hanging men mean on the weekly, if anything? <<<
They mean the OIH is setting up for a correction which needs some confirmation, in my opinion. The weekly chart is showing MACD at new highs and money flows as well. This is why I stated last week over in the Boom Boom Room that I thought we were seeing a normal correction at the time and not a top. That's why I bought energy earlier in the week.
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