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Re: Vestor_2000 post# 88

Sunday, 05/14/2006 10:26:55 PM

Sunday, May 14, 2006 10:26:55 PM

Post# of 280
Vestor, Your words describe a "Positive Divergence"...

But they do not describe the behavior of the MACD on the Daily Chart that you attached:
http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=%24ndx&time=&freq=

I see an $NDX closing at the low of day (1635) and a MACD also closing at the low of day (between -10 and -20), not at 0 as you described.

Are you making your observations on the basis of the Daily Chart or on the basis of a chart of another time frame?

Buy at Support

Sell at Resistance

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