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In a message dated 98-01-08 13:35:13 EST, you write:
<< Jim, with the risk of "catching hell" LOL for this I think the only way
to describe a proper divergence is to post a chart of WDC. So here goes,
I know this is very basic stuff, sorry to the group, but it may clearify
things.
I don't see any divergence in the macd(I used a "default" macd setting)
but take a look at the 2 trendlines I've drawn in August for what I see
as a darn good example.
.... John >>
John,
Two things. First of all, thanks for getting into this and posting that WDC
chart. I'd like to know how you did that. How can I convert a supercharts
chart into a gif? Two, I do see a divergence between the WDC price chart and
the MACD. The MACD is gently slopping up while WDC is continuing to decend,
albeit more slowly as it forms a saucer bottom. Or am I seeing things?
Jim
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