"There is only one side of the market and it is not the bull side or the bear side, but the right side."
Friday, November 26, 2010
The minor bullish divergence
comment: Well today i just noticed that that minor bullish divergence (double bottom point) really made an impact. If we could see the RSI, it is persistent being on line 50 (sideways effect). It could be market performing minor retracement or major turning point, but preferebly minor retracement so that wave could continue down to complete the indication @ daily timeframe. (where smac-d is about to perform turning point).thru out the day, there isnt any overbought situation yet RSI persistent making sideways signal.Good signs for bearish side.
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