Interdum stultus opportuna loquitur...

Thursday, September 29, 2005

No USRant This Morning...

Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.

I'm about to head off to Sydney for a few days, and I got up late (five minutes ago).

To see how useful the CCI divergence approach is, examine the chart below, which was a snapshot that was sent out in an e-mail shortly before 1:36 a.m. Australian time with the S&P futures at 1217.75... note the 'tease break' of the first hour low (marked 'FHL'), which coincided with the CCI divergence. Perfect. Timely, too. No griping about entries, either.

SP 15 minute divergence

There were 2 selling divergences later in the day, one at 1231 and the other at 1234... lower prices during Globex and tomorrow, by the looks.