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We've had bullish divergences in breadth
models and momentum measures for days now with no bounce worth mentioning. I
think there is significant risk that this thing falls out of the bottom of the
rectangle.
Earl
<BLOCKQUOTE dir=ltr
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----- Original Message -----
<DIV
>From:
<A title=delta88343@xxxxxxx
href="">delta88343@xxxxxxx
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, March 24, 2004 6:27
PM
Subject: [RT] SP 3-24-04 Bullish
Divergence?
Is there the beginnings of some bullish divergence here?
As I stated in my previous email, we are approaching a period in time
where the rotation of the points can flip flop.
Though we are approaching a projected low, it could be come a high
due to an "in between point" which could be the potential low forming now. If
we then rise to the pending projected point due 3/30 +/- we would have had an
inversion (low point becomes high) and then the remainder of the cycle points
should then follow suite (unless we have a double inversion).
Is anyone's work projecting a move up over the next 4+/- days. Though
stochastics are not totally reliable, we are showing some oversold conditions
based on my stoch settings.
Time will tell.
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