MCP Update

Last Friday I had posted this  MCP Update in which we talked about the continuing positive divergences and the RIMM earnings example. I had posted Friday that we needed to see MCP move more to the side, laterally.

 Here's MCP moving more to the side since Friday, actually since Thursday. The positive divegrence is a positive development, but this could be a dead cat bounce divergence.

This 5 min leading positive divergence is another story, this is the continuing positive divegrence that I want to see, something that may suggest there's more going on here than we realize which makes sense with the base, plus the expected head fake move that never materialized.

 This 10 min leading positive is more evidence of a positive continuing environment.

And here we have migration of the divergence since the earnings gap down on a 15 min chart.

This is the same kind of positive environment we saw AFTER the RIMM earnings missed that eventually led to a major corporate shake-up that sent our shares much higher to a nice profit.