Bearish divergences are spotted at 60 min charts on almost all leading indices.
This doesn't mean the market will drop tomorrow but it a thing we must take in account.
The uptrend is still intact and those of you who are investors , I wouldn't be too worry.
Usually it takes for the market to digest this divergences.
The long the digestion occurs , the reversal will be sharper.
Not to forget , on the 11Th , fed rate cut of 0.5% can cause this analysis to be irrelevant.
Saturday, December 8, 2007
Bearish Divergence here
Posted by indextrading at 12:47 AM
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