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In a message dated 1/7/00 9:52:40 PM Eastern Standard Time, rl2946@xxxxxxxxx
writes:
<< Ben, and RT,
Curious whether any opinions on the divergence in the cash DOW
which set a closing high Friday and the March DOW Futures which
failed to match. The SP500 has not confirmed the closing high
in the DJIA, either. >>
Hello
Market divergence are ONLY a red flag
they only alert us to the next turn (down)
Unfortunately the time until the turn comes VERIES for each market
An adv. DEC divergence can take 14 month before a crash
an rsi divergence is only 1 bar away from price to correct
hope this helps
Ben
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