Nope, don't think so. Too many people watching.
There, how was that for fluff-free?
Follow-up - but it will.
Wednesday, June 30, 2010
Neckline broken?
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About Me
- Quick Takes Pro
- Michael, a chartered market technician (CMT), edits the daily markets newsletter "Quick Takes Pro. " He is also a columnist for Barron's Online, writing the twice-weekly "Getting Technical" column covering the stock market, sectors and occasional bond, commodities and currency comments. Elsewhere, Michael contributes to the monthly Trading Strategies section at MarketWatch and is also a regular contributor to SFO Magazine as well as various other media outlets.
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4 comments:
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
You have discovered what most chartists do not understand. You have to match the indicator to the price series.
成熟，就是有能力適應生活中的模糊。.................................................................
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
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