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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: GROUND ZERO™ who wrote (14959)	2/6/1999 11:26:00 PM
From: Brian Hornby	Read Replies (1) of 44573

Gz, Looking at the A-D versus NYSE composite, I see the negative divergence. Further looking at the interpretation guide at decisionpoint.com they mention that such divergences are common and are usually meaningless. They mention that they feel the other divergence is more worrying, when the A-D makes new highs and the price fails to follow. I guess my feeling is the divergence we see now is a warning flag, but not yet indicative of a top. Certainly with the other negative factors coming out of the woodwork, caution is warranted. EDIT: McClellan Oscillator at decisionpoint.com is ore negative and gives a SELL signal some days ago, just when the divergence started.

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