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?
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TheRumpledOne
6,407 posts
msg #49172
- Ignore TheRumpledOne |
1/12/2007 8:59:50 AM
Wait for the price to close below the ema(5) before shorting.
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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
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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...
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bloosteak
35 posts
msg #49196
- Ignore bloosteak |
1/12/2007 3:16:29 PM
yep, now it's a bad idea.
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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.
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