Thursday, December 16, 2010

Update

I'm using some timeframes that work around about 1.5 hours of data loss, hopefully it will be restored tonight.

 DIA 1-the recent divergence is good, it's past any data loss.

 The 15 min wouldn't have lost much, only 6 bars and the divergence there was pronounced before today

 QQQQ 1 min isn't showing much

 The 15 looks very bad, there's always some volatility when these wedges break so the price volatility doesn't concern me too much right now.

 SPY 1 min is getting worse.

The q5 min also looks very bad, I doubt 6 bars would have moved this up in any meaningful way so the 15 minute which has been very good with reversals seems to be a reliable choice.

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