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Yuki,
there is no doubt the market will pay for a double [RSI plus STOCHD]
divergence. The difference with the [peculiar] Nikkei is the timing,
I was expecting an immediate response on [your] Friday.
The trick of the announcements expectation and the relatively hot
environment were [IMHO] the main reasons you were buying higher and
higher the second Friday's half.
As I wrote, it was a mistake !!
Not crucial perhaps, times are still bullish, but...
Since there were a lot of buyers on Friday, there was no reason for
selling pressure. But, as you say, the demand was lower today.
Sellers used these levels [from 0 to -1%] in the same way, soft and
gentle selling, no rerason [yet] to shoot anybody right on the head.
The question is not easy for tomorrow : What will the [same] sellers
do ?
On the other side of the globe, there was a [tricky] positive div by
the end of the Fridays session [see my previous comment]. It was not
a CLEAR signal, it was not in the middle of the session.
We shall know more in 3h, the week is still toooo young !!
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> Hope you caught lots of fish, DT. I love to eat them, and eagerly
> await your FedEx overnight, dry ice-encased, package. ^^_^^
>
> Patience is probably the key when it comes to counter-trend, at
least
> I've always thought so. I'm so patient I don't even care too much
if
> I catch them. ^^_^^
>
> But . . . this morning, we had net selling by foreigners prior to
the
> open. The net selling is quite small compared to recent net buying,
> and the direction is not *entirely* unexpected given the US results
> on Friday. However, this is only the 3rd case of net selling so far
> this year, and it is the largest so far this year.
>
> It is too early to make anything of this of course, we will have to
> see what the next few days bring. But it's a chink in the armor, so
> to speak. At the moment however, it is not actually a net rise in
> selling, but a sharp net falloff in buying. We shall see.
>
> Yuki
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