BT24_7
Picture 10
This 5-minute chart of the Dow Jones 30 shows an explosive leading positive divergence (currently) at the right edge of the chart. This suggests a fairly strong rally/bounce is about to get underway, at least in the short term. Also note how my 3C indicator called a negative divergence at the 5/2/2008 top of the rally. Also it indicated accumulation on 5/5 going into the 5/6 bounce. At 5/6 a leading negative divergence signaled distribution into that rally.
Picture 10
This 5-minute chart of the Dow Jones 30 shows an explosive leading positive divergence (currently) at the right edge of the chart. This suggests a fairly strong rally/bounce is about to get underway, at least in the short term. Also note how my 3C indicator called a negative divergence at the 5/2/2008 top of the rally. Also it indicated accumulation on 5/5 going into the 5/6 bounce. At 5/6 a leading negative divergence signaled distribution into that rally.