The answer to you question is one of perspective... Check how long the divergence showed on the daily chart and the market turned and then count the same amount of time in the weekly chart...example five days till divergence showed in daily and then 5 weeks in the weekly... now if divergence shows in weekly and it took 5 weeks for price to move it will take +- 25 days to show daily..
--- In equismetastock@yahoogroups.com, Dhiraj Vyas <dv8256@xxx> wrote:
>
> divergence seems to b a tricky subject -although most people use it to identify strength/weakness of the on going trend--i heard webinar of top technician from elliot who says that divergence is used by him for more than a decade--attached herewith two snap shots of index -as analysed by elliot technician--
> point to ponder----which time frame is important for trading divergence---in the attached weekly chart one can see the divergence of RSX whereas in the daily chart RSX does not give divergence --
> weekly divergence is seen for quite some time and still no sign of weakness in the price chart-
> should one trade divergence on 5 min-15 min-30 min -hourly-two hourly chart -weekly chart and what could be the result ?---- i have used divergence on daily chart and result so far is extremely good -
> any body has experience of other time frames ?
> thanks
>