Wednesday, September 22, 2010

Update

Still a little worried about that wedge pattern, the 5 has produced a positive divergence-don't misunderstand, the position of 3C is still negative and down low, but it's little gyrations have produced that positive divergence.

Here's an example:

This shows the overall leading negative divergence in the 5 minute chart. Note the divergence-selling at yesterday's highs was quite substantial
However, here is the 5 min chart's positive divergence and you can still see that wedge pattern in the red trendlines.

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