ES Journal Archive (2011)

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look at the nips,when the market is turning slowly as opposed to a violent reversal they will begin to make lower nips in a rounding top, so far they are not..they are close enough to call it sideways this is spy top 100 stocks
 

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but if you look at es, top 500 stocks, we made a lower nip, again close enough for sideways and the higher vs lower nip negate each other ,minute difference,too small to call a divergence both charts were using rth
 

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Quote from ammo:

but if you look at es, top 500 stocks, we made a lower nip, again close enough for sideways and the higher vs lower nip negate each other ,minute difference,too small to call a divergence both charts were using rth

Thanks ammo. Very observant!
 
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