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Let us see the recent ^NDX behavior.
After a long period we have had [Nov9 to Nov10] the first
important bearish signals, a simultaneous
~MeanStochD and ~MeanRelSlope divergence. The whole market
looks a bit tired and the bears have
a lot of reasons to wake up
P2 [Nov7] is the second peak of a probable H&S
formation.[sensitivity perc=3%]
The trendlines are no longer parallel, a slight converging
wedge is apparent day by day.
If the next days will keep on creating the H&S, let us see
the proper action moment.
It is easy [and confusing] to speak after the
facts .
We have more than 5 bars to see any complete form, let us
concentrate in the details [other leading/lagging] indicators]
and add contributions to this thread, but, please, before the
facts.
15 bars later we may see what was written and make
our comments [or laugh with our great texts !!]
I hope it is interesting.
Dimitris Tsokakis
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