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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: sa-mule who wrote (3650)6/29/2000 11:30:00 AM
From: Joseph Stratmann  Respond to of 19219
 
I had to post this as Im thoroughly confused. Granted, part of the problem could be my 5 hours of sleep. :)

Look at the 5 minute bar of the SOX.X and the COMPX using a 12 period Momentum. I see a divergence. The momentum indicator is on an incline since about 9:45 eastern yet the charts are dropping. Now the broader bars, 30 min and such are all on a decline so that is the greater trend at work obviously. Yet, I thought this was somewhat surprising.

Anyone else see the same?

-Joe