tag:blogger.com,1999:blog-7309011280153553421.post415516702248797841..comments2023-05-18T11:44:05.460-04:00Comments on Trade to learn: Chart of the Daypositiontraderhttp://www.blogger.com/profile/15867225573384096103noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7309011280153553421.post-48833952311612971632010-12-14T14:21:41.983-05:002010-12-14T14:21:41.983-05:00Thanks Bill! You are totally right on the divergen...Thanks Bill! You are totally right on the divergence with the MACD part. That is usually an indicator of lower prices. <br /><br />But another thing to consider is the high volume yesterday. That makes me like the odds of a short term run IF it manages to cross 37 first, which is the resistance level. I would play this is as a momentum trade rather than a swing trade and that is why it is positiontraderhttps://www.blogger.com/profile/15867225573384096103noreply@blogger.comtag:blogger.com,1999:blog-7309011280153553421.post-52583694743388146602010-12-14T14:15:25.857-05:002010-12-14T14:15:25.857-05:00My thoughts are listed on the chart. Thanks again...My thoughts are listed on the chart. Thanks again!<br /><br /><br />http://www.screencast.com/users/fors55/folders/Jing/media/d0c80723-3fba-46e3-aa9d-a142951d2cd4Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7309011280153553421.post-54415070713320165152010-12-14T11:28:51.616-05:002010-12-14T11:28:51.616-05:00I don't know what you mean by the "3 Push...I don't know what you mean by the "3 Push Pattern" Bill. Perhaps you could explain? Thanks!<br /><br />Yes on the lower low on the MACD. But I am betting on the price-volume taking precedence in the short term. I wouldn't take it for a longer term swing due to the negative divergence.positiontraderhttps://www.blogger.com/profile/15867225573384096103noreply@blogger.comtag:blogger.com,1999:blog-7309011280153553421.post-59785692874929017362010-12-14T09:19:54.970-05:002010-12-14T09:19:54.970-05:00Any thoughts about the "3 Push Pattern" ...Any thoughts about the "3 Push Pattern" ?....each successive higher high lead to a lower lower on the 3/10 momentum oscillator.<br /><br />Thanks,<br /><br />Bill OrsiniAnonymousnoreply@blogger.com