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Good, so I'm on the right track.
Indeed, with divergence of any kind, the trick is being alert and
prepared with appropriate strategies.
Thanks to Rakesh and Reinsley, and to those who replied in pm's.
Regds and Merry Christmas
Gerard
--- In amibroker@xxxxxxxxxxxxxxx, "Rakesh Sahgal" <rakeshsahgal@xxx>
wrote:
>
> Reinsley - Hidden Divergence is a term used to refer to a scenario
where an
> indicator makes new hi/lo that is not confirmed by price action .
>
> Gerard the graphic you sent was quite interesting. The fact of the
matter is
> most times we don't get text book setups. The one you have pointed
out is
> almost as good as it gets. The trick is in the recognizing i.e.
being alert
> to the possibility that a setup might come up in the near term and
then
> having a trade execution strategy that has suitable safeguards
built into
> it.
>
> Regards
>
>
> Rakesh
>
>
>
> On Sun, Dec 21, 2008 at 9:23 PM, reinsley <reinsley@xxx> wrote:
>
> >
> > Hi,
> >
> > >>Am I correct in my analysis that this constitutes bearish hidden
> > divergence, and the probability exists that the downtrend will
resume?
> >
> > I don't know what you mean by "hidden", simply a divergence is :
> > the price makes a second top higher ( or flat at the same level )
> > and the momentum's second top is lower ( weak )
> > A downtrend could appear.
> > Sometimes there are three tops before the price collapse.
> >
> >
> > I know no rules concerning volumes. I can't say anything.
> >
> > BTW, it would be nice to draw automatically such divergence with
an
> > AFL formula...
> >
> > Best regards
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Gerard Carey" <gcfinance@>
wrote:
> > >
> > > I'm attempting to sharpen up my `Hidden Divergence' skills.
> > > The .doc attachment shows a recent period on the S&P500 chart
where I
> > > have attempted to define an instance of `Hidden Divergence'.
> > > I'd appreciate your comments as to my analysis.
> > > Also links to sites that have useful explanations.
> > >
> > > The .jpeg attachment shows the chart with greater clarity, but
without
> > > my waffle.
> > >
> > > Regds, good trading, and Merry Christmas,
> > > Gerard
> > >
> > > --
> > > http://www.fastmail.fm - Access your email from home and the web
> > >
> >
> >
> >
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