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It has been my experience that divergence signals are not as reliable in
strongly trending markets like the one the S&P has been in. To tell whether
a market is trending or not, look at the ADX. If it is above 30, you are in
a trending market and should be wary of trading against the trend.
Bill Bancroft
Tullman, Mitch wrote:
> My Bollinger band type programs (ie overbot/sold) seem to be working
> great this month
> where as my divergence type programs (S&P makes new high and oscillator
> doesn't) are
> getting killed.......any answers or observations out there?? Be nice if
> I could tell which program to
> plug in at beginning of the week!
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