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Re: Divergences Part 2



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Comtrade2 wrote:

>Some of you asked what are type2 divergences, these are trend following 
>divergences, example, let us say the price valleys are rising to higher lows 
>and the oscillators valleys are making new lower lows, as soon as the %k 
>turnsaround to crossover the %D you got a trend confirmation divergence. 
>Some 
>traders call it sling shot trading.

Dear Comtrade,
Where is this "sling shot trading" technique discussed? Is it from a book 
you read or is it from the software you're using (I think you're using 
Diverengine, right)? I've never heard the term before.

Gila