Re: [RT] bearish divergence

[Ben <profitok@xxxxxxxxxxxxx>]

the divergence is gone, we took out wensdays highs

(staying long)

----- Original Message -----

From: Ron Cernokus

To: realtraders@xxxxxxxxxxxxxxx

Sent: Thursday, April 07, 2005 1:46 PM

Subject: Re: [RT] bearish divergence

Thursday afternoons are very often bearish according to George Angell's composite work.

 

 

Sent: Thursday, April 07, 2005 1:07 PM

Subject: Re: [RT] bearish divergence

how about this:
crude hi  today was 56.85
the low was 54.35
the last was 54.55
this has all the makings of a key reversal day in crude, heading down...
I'd say this should lead to higher markets??
what about bullish April seasonality?
ditto
markets heading higher, tick at failry high levels today, pullback to
1190 SPX maybe, then higher, at least to SPX 1200 first target


--- Ben <profitok@xxxxxxxxxxxxx> wrote:
> the Dow made a higher hi than yesterday
> Both sp500 and NASDAQ failed  to do so
>
> I am bailing out of my longs on stocks and funds
> Ben
> > No virus found in this outgoing message.
> Checked by AVG Anti-Virus.
> Version: 7.0.308 / Virus Database: 266.9.4 - Release Date: 4/6/2005
>


           
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