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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: wanmore who wrote (45015)12/10/1999 7:03:00 AM
From: big guy  Respond to of 94695
 
Here is my two cents worth wanmore. Using a few indicators and comparing the two highs on Nov 26th and Dec 6th you'll notice bearish divergences in MACD, Momentum, Price ROC, and RSI. Also looking at DMI the ADX line has made its way down from its lofty peak and the DI- line has just crossed the DI+ line to the upside. Given this along with the tremendous volume and lack of price movement the last few days my guess is a return to the darkside is close at hand.

Big Guy