Tuesday, July 28, 2009 9:29:48 AM
I was looking at some indicators this morning and I remembered that someone on here (sorry for not remembering who) has been telling us to watch the accum/dist indicator. I went to Stockcharts chart school and have posted what an acum/dist bullish signal is. below the description is a link to SYNJ's chart. Remember the last sentence in the bullish signal description.
Acum/Dist
Bullish Signals
A bullish signal is given when the Accumulation/Distribution Line forms a positive divergence. Be wary of weak positive divergences that fail to make higher reaction highs or those that are relatively young. The main issue is to identify the general trend of the Accumulation/Distribution Line. A two-week positive divergence may be a bit suspect. However, a multi-month positive divergence deserves serious attention.
http://stockcharts.com/h-sc/ui?s=SYNJ&p=D&yr=0&mn=3&dy=0&id=p36990573949&a=169015548
sorry i couldn't put up a screen shot, I STILL haven't figured out how to.
"Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment."
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