Thursday, February 03, 2011

HUNTING FOR WAVE 5 TOP


*click to enlarge
Withhelp of some friends, see top reading on RSI for wave 3, this is typical. Now we have wave 5 divergence so this along with a monthly chart sporting a lower MACD than 2010 but higher price has me on the watch.
In 2004 MACD topped but market ran into 2007 as MACD continued to weaken....more art than science....investing is finding the highest probability to be successful, for many that is buy and hold.
D

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