Bearish Divergence

Cazza La Randa · Oct 22, 2009

Close to a multiweek correction

piezoe · Oct 22, 2009

OK. But which one is going to "correct"?

Petsamo · Oct 22, 2009

We've had a bearish divergence since May, so what? The bears are a bunch of no-shows.

riskfreetrading · Oct 22, 2009

Quote from piezoe:

OK. But which one is going to "correct"?

If they correct,: both!

Real test is tomorrow Friday.

Petsamo · Oct 23, 2009

What makes Friday so special? Bears typically come in on a Monday.

Cazza La Randa · Oct 23, 2009

Quote from Petsamo:

We've had a bearish divergence since May, so what? The bears are a bunch of no-shows.

I can't see any previous divergence in the chart I posted

Here's another divergence

TraderSU · Oct 23, 2009

Quote from Cazza La Randa:

I can't see any previous divergence in the chart I posted

Here's another divergence

Draw bunch of lines here and there. Few of them are bound to come correct. Isn't it all about technical analysis?

Market is ignoring all those divergences for a long time and shorts are being killed everyday.

Cazza La Randa · Oct 23, 2009

Quote from TraderSU:

Draw bunch of lines here and there. Few of them are bound to come correct. Isn't it all about technical analysis?

Market is ignoring all those divergences for a long time and shorts are being killed everyday.

The SPX will test 1035 (1015) bucks within three weeks

Cazza La Randa · Oct 23, 2009

Nice timing eh?