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#2c #ideas #study

my only chatty-concern is that the 13 week money flow confirms the current sell-side
if you take the RSI as a false positive, with the logic that, the recent tiny swing north alleviated the current sell pressure maybe the (dependent the rating) RSI merely reflects the start of the next leg down which would lack the same energy as previously printed, keeping in mind RSI is contextual and divergences are never absolute until price proves it out

we can also see there is no divergence in two accum/distribution signals, so even tho the volume was heavy we can postulate that that volume is capitulation volume clearly on the sell side so even tho someone had to be buying all that volume they maybe extremely longterm players whoa re not concerned about the extra % price may travel in the interim (which could mean 1 or 2 1/4's)
the 13week money flow dipping below zero suggests deep pockets still exiting, so maybe we need to view the RSI and other indicators on a different time scale (weekly/monthly for any tell-tale signs) and the most recent down bar weekly basis is a confirmative/contiuation bar, almost zero tale, there is a gap at 80/81 likely to get filled

this implies that the RSI at -20 is prompting a short-term bid on extremity just as it did the prior (equal low), a traders run versus a an investors cue is still suggested by the construct - that gap is the furffy
plus one final thought, friday did not see a rush to get in on the 'double bottom' which did not create a longtail as it has in the previous swings
in the hourly view there is no significant divergence
[ATTACH]93605[/ATTACH] [ATTACH]93606[/ATTACH]

data:incrediblecharts.com

[ATTACH=full]93604[/ATTACH]

<blockquote data-quote="Joules MM1" data-source="post: 1021425" data-attributes="member: 9130">#2c #ideas #study my only chatty-concern is that the 13 week money flow confirms the current sell-sideif you take the RSI as a false positive, with the logic that, the recent tiny swing north alleviated the current sell pressure maybe the (dependent the rating) RSI merely reflects the start of the next leg down which would lack the same energy as previously printed, keeping in mind RSI is contextual and divergences are never absolute until price proves it outwe can also see there is no divergence in two accum/distribution signals, so even tho the volume was heavy we can postulate that that volume is capitulation volume clearly on the sell side so even tho someone had to be buying all that volume they maybe extremely longterm players whoa re not concerned about the extra % price may travel in the interim (which could mean 1 or 2 1/4&#039;s)the 13week money flow dipping below zero suggests deep pockets still exiting, so maybe we need to view the RSI and other indicators on a different time scale (weekly/monthly for any tell-tale signs) and the most recent down bar weekly basis is a confirmative/contiuation bar, almost zero tale, there is a gap at 80/81 likely to get filledthis implies that the RSI at -20 is prompting a short-term bid on extremity just as it did the prior (equal low), a traders run versus a an investors cue is still suggested by the construct - that gap is the furffyplus one final thought, friday did not see a rush to get in on the &#039;double bottom&#039; which did not create a longtail as it has in the previous swingsin the hourly view there is no significant divergence[ATTACH]93605[/ATTACH] [ATTACH]93606[/ATTACH] data:incrediblecharts.com[ATTACH=full]93604[/ATTACH]</blockquote>

[QUOTE="Joules MM1, post: 1021425, member: 9130"] #2c #ideas #study my only chatty-concern is that the 13 week money flow confirms the current sell-side if you take the RSI as a false positive, with the logic that, the recent tiny swing north alleviated the current sell pressure maybe the (dependent the rating) RSI merely reflects the start of the next leg down which would lack the same energy as previously printed, keeping in mind RSI is contextual and divergences are never absolute until price proves it out we can also see there is no divergence in two accum/distribution signals, so even tho the volume was heavy we can postulate that that volume is capitulation volume clearly on the sell side so even tho someone had to be buying all that volume they maybe extremely longterm players whoa re not concerned about the extra % price may travel in the interim (which could mean 1 or 2 1/4's) the 13week money flow dipping below zero suggests deep pockets still exiting, so maybe we need to view the RSI and other indicators on a different time scale (weekly/monthly for any tell-tale signs) and the most recent down bar weekly basis is a confirmative/contiuation bar, almost zero tale, there is a gap at 80/81 likely to get filled this implies that the RSI at -20 is prompting a short-term bid on extremity just as it did the prior (equal low), a traders run versus a an investors cue is still suggested by the construct - that gap is the furffy plus one final thought, friday did not see a rush to get in on the 'double bottom' which did not create a longtail as it has in the previous swings in the hourly view there is no significant divergence [ATTACH]93605[/ATTACH] [ATTACH]93606[/ATTACH] data:incrediblecharts.com [ATTACH=full]93604[/ATTACH] [/QUOTE]

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