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Yep. Moses went to get the Ten Commandments while the crowd built a golden
calf. That's divergence to be sure.
Denis
denis@xxxxxxxxxxx
-----Original Message-----
From: jdfo <jdfo@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, May 20, 1999 1:29 PM
Subject: Formula X and Y
>Divergence is old hat; been around as long as Moses. And, there are times
>when it works wonders and other times when it fails dramatically. I enjoy
>fooling around with it using various indicators as MACD, Stochastics, etc.
>but sure would never depend on a divergence signal alone. Try using
>divergence of the TRIN with the S&P, its neat but certainly no holy grail!
>
>Anyone, as we all know, can pick out a chart or two or more and show a
great
>trade(s); I'm sure that we all have seen hundreds of them, especially in
>the literature that the promoters send out offering "proof positive" for
>their various systems. Pure bunk.
>
>Keep up the good work, group.
>John
>
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