|
Post by gitonwithit on Mar 22, 2005 22:35:13 GMT -5
As of today, my best "bear" divergence is INFY. Seems to have a bearish macd divergence on the weekly starting about mid Dec 2004 with the ADX starting to confirm the rollover. The daily chart seems to be a duplicate of the Nov 04 bearish divergence which setup the drop from $70 to $60. Again the ADX just beginning to confirm. stockcharts.com/def/servlet/SC.web?c=INFY,uu[h,a]daclyyay[dc][pc20!c50!f][vc60][iLa12,26,9!Ll14]&pref=G Going short tomorrow if I can get em. Do your DD and good luck.
|
|
|
Post by DJF on Mar 24, 2005 20:39:10 GMT -5
Point-n-figure shows new highs on declining volume - another bearish indicator favoring near term downside. Keep an eye on the money flow, it is declining but is still in bullish territory. Did you go short? stockcharts.com/gallery/?infyDD as always, DJF
|
|
|
Post by gitonwithit on Mar 24, 2005 22:02:28 GMT -5
Tried four times, but never could get any shares.
|
|
|
Post by gitonwithit on Apr 7, 2005 21:53:36 GMT -5
<Tried four times, but never could get any shares.>
And that seems a shame, considering today's pps.
|
|