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AnonymousEconomist (OP)
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July 04, 2015, 01:47:01 PM
 #1
Where might we go from here?


Here's a link for those unfamiliar with divergences:
http://www.babypips.com/school/high-school/trading-divergences/divergence-cheat-sheet.html
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July 04, 2015, 02:08:31 PM
 #2
Quote from: AnonymousEconomist on July 04, 2015, 01:47:01 PM
Where might we go from here?

Moon? Mars?
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July 04, 2015, 02:13:14 PM
 #3
Quote from: AnonymousEconomist on July 04, 2015, 01:47:01 PM
Where might we go from here?
...

Hades. The supposed bullish divergence means nothing, it spans too long. Strong bearish divergences from current market with March.
Sometimes, if it looks too bullish, it's actually bearish
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July 04, 2015, 02:23:20 PM
 #4
Quote from: Tzupy on July 04, 2015, 02:13:14 PM
Quote from: AnonymousEconomist on July 04, 2015, 01:47:01 PM
Where might we go from here?
...

Hades. The supposed bullish divergence means nothing, it spans too long. Strong bearish divergences from current market with March.

+1
However, it does look like a 4, but that bear div in the last few months on that same chart says top is near or already in. Being a weekly chart though, allows some more indecision before it takes hold.
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July 04, 2015, 02:39:14 PM
 #5
Textbook hidden bull divergence? Cookbook exposed bear convergence?

I'm not sure which one sounds more convincing to me... Grin

I'm not a "professional" chartist, but the very long sideways bottom with relatively low volatility seems to be a good sign to me. So I'm slightly bullish as well.

ya.ya.yo!
.
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betterangels
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July 04, 2015, 02:47:14 PM
 #6
Market sentiment is changing
jaredboice
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July 04, 2015, 04:18:11 PM
 #7
Quote from: yayayo on July 04, 2015, 02:39:14 PM
Textbook hidden bull divergence? Cookbook exposed bear convergence?

I'm not sure which one sounds more convincing to me... Grin

I'm not a "professional" chartist, but the very long sideways bottom with relatively low volatility seems to be a good sign to me. So I'm slightly bullish as well.

ya.ya.yo!







 Cheesy

PS Everyone who hasn't been shaken off the bull, hold on tight and enjoy the rest of the ride!!  This bull's getting on a rocket ship
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