Zeev's Turnips Patch-No Politics (ZEEV)

[Dances-W-waves]

Yes, there is a bit of a divergence that I noticed between the NDX and Comp indices and the 5 day RSI and the CCI(20)

You can see the RSI divergence here.

http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[m,a]daclyyay[pb50!b200][vc60][iUb5!La12,26,9]&am....


The 14 day RSI does not show such a divergence yet though, and in fact shows room for a bit more downside. So does the MACD.

It's interesting to note that the same type of divergence occurred on the last rally beginning in early Nov. (when I was calling a top. <g>) but lasting till January, of course.

The 14 day RSI divergence began....get this, about 9 days later. I wonder why? <gg>

So yes....a bottom may be near....or, like that last divergence, a month a way.........right near the 200MA.....

Now...how much time did I waste figuring that out?

lol


....back to my weekend vacation......