Thursday, August 19, 2010

Interesting

I thought you might find this interesting. The blue small arrows show TICK Index accumulation on this custom indicator I created in StockFinder-both occur at the bottom of the "W" double bottom formation. The second one goes hand in hand with the 3C divergence I posted at 2:43 or thereabouts, the divergence is clearly around 2 p.m.-these two indicators have nothing in common.

The red arrow shows a negative divergence where prices backed off a bit, but overall, the index is higher now relatively speaking as illustrated by the long white arrow. With the TRIN above 2 it is likely we see some sort of strength at least early on tomorrow.

2 comments:

Mr Pink said...

Hi Brandt,

Could you please give an update on how oil is looking from 3Cs perspective? Is oil still being accumulated at the current price, because we haven't had much of an upward move (yet) despite the recent accumulation shown by 3C?

Brandt said...

Just posted an update