StockFetcher Forums · General Discussion · shorting MALL<< >>Post Follow-up
bloosteak
35 posts
msg #49160
Ignore bloosteak
1/11/2007 8:04:00 PM

triple macd/rsi peak divergence
with each higher high having less volume than the previous highs

http://stockcharts.com/h-sc/ui?s=MALL&p=D&yr=0&mn=11&dy=0&id=p95570855177

yes?


TheRumpledOne
6,358 posts
msg #49172
Ignore TheRumpledOne
1/12/2007 8:59:50 AM

Wait for the price to close below the ema(5) before shorting.


maxreturn
745 posts
msg #49182
Ignore maxreturn
1/12/2007 10:39:11 AM

Bloosteak, if you take TRO's advice remember that this could be a very short lived short. Longer term there is a very strong bias to the upside. Just bring up a weekly chart and you'll see what I mean


lockwhiz
206 posts
msg #49188
Ignore lockwhiz
1/12/2007 12:35:01 PM

MALL is continuing to climb ... and on high volume.... that is the kind of momentum that I wouldn't trade against...


bloosteak
35 posts
msg #49196
Ignore bloosteak
1/12/2007 3:16:29 PM

yep, now it's a bad idea.


maxreturn
745 posts
msg #49164
Ignore maxreturn
modified
1/12/2007 3:19:20 PM

Do so at your own risk. This stock still looks very strong. Price is not in any way confirming divergence. Don't get enamored with divergences. I've seen many stocks with charts that look just like this one where price continues marching north.



StockFetcher Forums · General Discussion · shorting MALL<< >>Post Follow-up

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