Web Statistics Bullish Divergence All Round

Friday, 26 October 2012

Bullish Divergence All Round

I went large long overnight in globex, and it proved to be a very good bet.

1) We had the bulls come back quite rapidly by the close today. That is bullish. 

 2) The candle at the close today will make a BULLISH SWING day play next week a low risk trade

 3) We have a nice bullish divergence now showing on the hourly chart. 



So with these three things in mind, there is likely more up coming early next week.

Have a great week guys and gals.

:-)


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Posted by Chip at
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2 comments:

  1. Unknown26 October 2012 at 16:29

    Hello great work.. Do you ever indicate when to short the market now that you have an established downturn?

    ReplyDelete
    Replies
    1. Chip26 October 2012 at 16:39

      Hi Jim.

      Last few weeks have been great!

      I only give tidbits in here, as I give levels, numbers and more in depth commentary in our VIP membership (which is currently closed )

      Going to be a bigger rally coming soon, as on the weeklies is starting to get oversold. This is be nice if you can time it well.

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