Wednesday, June 30, 2010

Neckline broken?

Nope, don't think so. Too many people watching.

There, how was that for fluff-free?

Follow-up - but it will.

4 comments:

Tryin2Trade said...

Hello Mr.Michael Kahn


I have been following your blog since long...

I have a small question and the reply will satisfy the curious TA in me.....

Its about the RSI....

Q. Since the RSI calculations are based on the closing price, therefore isn't it appropriate while looking at divergences, we should compare the closing price (line chart) rather than the Hi/lo's ???

Thanks in Advance

Regards

Manoj Bhagra

Quick Takes Pro said...

You have discovered what most chartists do not understand. You have to match the indicator to the price series.

asdas said...

成熟,就是有能力適應生活中的模糊。.................................................................

Tryin2Trade said...

Hello Mr.Michael Kahn

Thanks for the reply...

It did clear out a few things..as RSI is a integral part of my trading and so are the divergences...

Thanks once again...

Cheers!!!

Manoj Bhagra