Wednesday, April 02, 2008 12:18:25 PM
My bias is QQQQ will try 46.19. At same time 5 min is saying sell, I took sell signal I might regret later on.
Beerworld,
2 min chart is very sensitive so you will get many oversold reading on different indicators. CCI tends to slip lower in strong trends although price is moving higher or lower in direction of trend.
One solution is moving to 15 or 30 min chart and then hourly, if strength is eminent on few says then to daily chart.
I hope that resolve that divergence issue.
Farooq
This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.
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