ES Journal Archive (2006 - 2008)

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Quote from princessa:

i believe that's called a divergence pattern on the macd. early warning of a reversal.
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Correct me if I'm wrong, but in the case of the 1929 chart the weekly (2nd down)does not appear to give a divergence so no 'early warning'

Is this similar the the Feb/Mar 07 drop, though in that case we got the bounce and it was just a temporary correction.
 

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Quote from princessa:

nice...up 9 points and then down to par (zero), giving us another chance to get in. or is it sign of a st top? we shall see....
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so did you trade it? :)

jj
 
Quote from JimmyJam:

so did you trade it? :)

jj
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yeah, buddy...twice, in fact. second time got out just in time before the drop. i think i'm calling it a day, though it's probably still tradable for the less faint of heart....
 
Quote from BoyBrutus:

Correct me if I'm wrong, but in the case of the 1929 chart the weekly (2nd down)does not appear to give a divergence so no 'early warning'

Is this similar the the Feb/Mar 07 drop, though in that case we got the bounce and it was just a temporary correction.
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um, ya dude. the chart b1s2 was showing and that i was referring to in that post was the 87 chart.
 
Quote from princessa:

um, ya dude. the chart b1s2 was showing and that i was referring to in that post was the 87 chart.
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You seem to have missed my point.

B1S2 few posts back asked the question 'How can we avoid this' in reference to being caught on the wrong side of a major market selloff/ move and both you expanded on the use of the MACD on the weekly chart.

I was just looking at some of the major market moves that may or may not have been as obvious with MACD and divergences on the weekly and monthly

Comprende ?
 
Quote from BoyBrutus:

You seem to have missed my point.

B1S2 few posts back asked the question 'How can we avoid this' in reference to being caught on the wrong side of a major market selloff/ move and both you expanded on the use of the MACD on the weekly chart.

I was just looking at some of the major market moves that may or may not have been as obvious with MACD and divergences on the weekly and monthly

Comprende ?
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no indicator works 100% of the time.

comprende?
 
Quote from BoyBrutus:

You seem to have missed my point.

B1S2 few posts back asked the question 'How can we avoid this' in reference to being caught on the wrong side of a major market selloff/ move and both you expanded on the use of the MACD on the weekly chart.

I was just looking at some of the major market moves that may or may not have been as obvious with MACD and divergences on the weekly and monthly

Comprende ?
More...

no indicator works well 100% of the time. that is why we use more than one (indicator, that is).

comprende?
 
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