tag:blogger.com,1999:blog-2903618192803822774.post4842466199725294103..comments2023-11-05T06:59:47.549-05:00Comments on StockMarketAlchemy: Hanging Man and Dragon Fly DojiPete Birchlerhttp://www.blogger.com/profile/03979249321821901449noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2903618192803822774.post-66503556810120809872009-07-21T21:43:37.151-04:002009-07-21T21:43:37.151-04:00Thanks Jimmy
I concur with the breadth divergence...Thanks Jimmy<br /><br />I concur with the breadth divergence. I entered some mean reversion type trades early last week and am getting killed on paper right now. This move pretty much has my emotions convinced this is a blast off to another move up, but objectively I just don't see it.<br /><br />It is a little weird, but with prices being at the same level as a month and a half ago, but the euphoria and positive expectation is palpable (and audible from media).<br /><br />Could be way off, but I think this is topping action.Pete Birchlerhttps://www.blogger.com/profile/03979249321821901449noreply@blogger.comtag:blogger.com,1999:blog-2903618192803822774.post-19187129545161085742009-07-21T18:38:22.057-04:002009-07-21T18:38:22.057-04:00Hi Peter, came across your blog this weekend. Your...Hi Peter, came across your blog this weekend. Your TA charting is impressive (given all the TA blogs I'm searching around and my 15+ yrs. TA trading.) <br /><br />Concerning breadth and volume, both have been tailing off in recent weeks. Take today's close up while declining stocks outnumbered advancing. Yeah, the non-confirmation divergences are starting to stick out. Opposite of late February and early March when the major indexes were making new lows while the breadth and volume giving positive divergence. Now we have the major indexes are making new highs while internals remain weak.<br /><br />Keep up with your great work, JimmyAnonymousnoreply@blogger.com