AI
Thursday, March 20, 2003 12:16:13 AM
Dude, you wanna see some positive divergences? I mentioned these over the weekend but didn't have a chance to post them.
Comments:
[1] I don't normally use four different momentum oscillators at the same time. I am doing so in this case for the sake of confirmation and filtering, which is to say that I am only including those charts which show positive divergences on all four momentum oscillators at once.
[2] Note also that these positive divergences do not pop up suddenly last week. Most of them have developed over several weeks to a few months. Thus we cannot call this PPT action without claiming that the government has completely taken over all of the equity markets. {g/ng}
[3] For anyone who doesn't know what a positive divergence is, please check out the following links:
http://stockcharts.com/education/What/IndicatorAnalysis/indicators3.html#posnegdiverg
http://www.decisionpoint.com/TAcourse/PositiveDiv.html
http://www.pring.com/articles/article4.htm
Comments:
[1] I don't normally use four different momentum oscillators at the same time. I am doing so in this case for the sake of confirmation and filtering, which is to say that I am only including those charts which show positive divergences on all four momentum oscillators at once.
[2] Note also that these positive divergences do not pop up suddenly last week. Most of them have developed over several weeks to a few months. Thus we cannot call this PPT action without claiming that the government has completely taken over all of the equity markets. {g/ng}
[3] For anyone who doesn't know what a positive divergence is, please check out the following links:
http://stockcharts.com/education/What/IndicatorAnalysis/indicators3.html#posnegdiverg
http://www.decisionpoint.com/TAcourse/PositiveDiv.html
http://www.pring.com/articles/article4.htm
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