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Re: limtex post# 275773

Tuesday, 07/27/2004 10:50:31 AM

Tuesday, July 27, 2004 10:50:31 AM

Post# of 704047
limtex, I have had some success looking for stocks that make lower lows while indicators like PPO and RSI make higher lows (also a volume decline). This is my idea of a "divergence". I think the first low is what some on here would call a "momentum low", with the "price low" following by a month or two.

The chart for RMBS shows this idea with a series of 3 lower lows while RSI, PPO both made higher lows. I am looking to buy my calls back when/if the gap fills, FWIW.

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