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Post# of 79025
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denmo83

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denmo83

Re: POKERSAM post# 15664

Friday, 12/30/2005 9:47:07 PM

Friday, December 30, 2005 9:47:07 PM

Post# of 79025
POKERSAM...

Just an observation.

Ted's chart isn't so scary to me.

I see the price at the mid-way point between his 2240 resistance and 2164 support targets. That tells me we could go either way.

Taking a look at Ted's RSI(5) and MACD histogram, I see lower price with higher RSI and histogram. That tells me positive divergence as the lower price isn't being confirmed with lower indicators.

My bias towards the market is negative and I'm in cash. My denmo6 is on the sell and the $bpcompq/10EMA crossover(proudly stolen from W Yan) is on the sell.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID345695

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