Last Negative Divergence.

For those who still do not understand, a negative divergence occurs when price moves up or is measured at two relative points that are the same in price. 3C is either moving down or not confirming the relative second high. This is the process of distribution, meaning smart money is selling into that rally, s you are best off usually not to chase it.
At the point I posted the last negative divergence, an uptrend that had been in effect since about 11:45, went into a double top, the first time in the trend. After the close, we can see why. Smart money is a lot more informed (i.e. "The Whisper Number") then you could ever imagine. Bill Gross from Pimco let some Fed news slip live on CNBC long before the Fed announced it, probably because Bill Gross could move the economy with Pimco if he wanted to.

In any case, IBM has been take to the woodshed in after hours and had thus far erased the gains it made in the last 8 DAYS! The DIA is significantly lower then when I printed the last market divergence around 3 p.m. , the SPY has just about erased all of today's gains and the Q's have not only taken out today, but a chunk of Friday as well.

This is after hours, so there are no victory laps being taken here, it's just useful to understand what 3C is really god at showing, the underlying sentiment of a trend.