Replies to post #30405 on ETF SWING & DAY TRADING

[2X-Be-Me]

Excellent response. Thanks, lygio. 2X

[KovuLK]

lygio & 2X (&Karl50) re: divergence takes time


My understanding from what I have seen is that this takes time to do, it is a process. It could take several hourly bars. That is we may not have seen enough today which is why in a previous post of mine I mentioned late tomorrow. Having said that, we were REALLY deep on the RSI level...a 2 good grief !!!

If I am wrong here please let me know.

Edit: As Karl50 said, sucking in the bargain hunters. This would be the first rise in price as they shuffle up to the table, taking their money (and sometimes mine too) would be the second falling.

Edit again: IWM is in the same situation.

Thanks
kovu