----- Original Message -----
Sent: Sunday, November 07, 2004 8:52
AM
Subject: [RT] mother of all
divergences
To answer that you need to see if there is
also a bearish divergence on the McLullen osc
for adv issues and the Mclullen
osc for vol
can aneone post that?
best
regards
Ben
Sent: Sunday, November 07, 2004 5:58 AM
Subject:
[Trading_Systems] Mother of all divergences
FWIW, SPX has surpassed the Feb04
high,
whereas the DOW and the NAS (composite)
have not. SPX
has not been this high since
2002.
To break their Jan04
highs, ..
- DOW needs to go about 300 points
- NAS needs to
go about 150 points
This is a rather strong
divergence,
portending a downward move.
>
> Any
thoughts?