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

To: J.T. who wrote (3894)	7/19/2000 3:44:40 PM
From: sa-mule	Respond to of 19219

you did, thanks. futures made a new low just now. down in the a.m for sure, huh? 1480 holding. below 520 now on amex internet. have a great night, sam

To: J.T. who wrote (3894)	7/19/2000 5:34:23 PM
From: id	Read Replies (2) \| Respond to of 19219

TA question on divergence: we all know that when price makes a higher high but an indicator like RSI or the STOCH makes a lower high, that is a bearish divergence...and that when price makes a lower low but the indicator makes a higher low that is bullish divergence, generally speaking. But (now read carefully:-)what sort of divergence is it when price makes a higher LOW in an uptrending market (on a typical pullback) but the indicator makes a lower low? For a graphic illustration of this, pull up a 60 min $compx chart and compare the price lows of 7-6-00 and 7-19-00 to the RSI lows for the same dates. My understanding of this has always been that that is a bullish divergence--that the indicator is signaling the stock is more oversold than price alone would indicate. Am I wrong here? All opinions welcome. Just trying to resolve a friendly TA disagreement. Thanks for any feedback.........................id