Monday, October 3, 2011

Desi MO (McClellan's oscillator for NSE) at EOD 3rd OCT 2011


Posted by r m at 8:21 PM

6 comments:

Anonymous said...

I see price making a higher low compared to last week's swing lows... but MO making a lower low.... bearish if this was the only piece of evidence one looked at.

October 3, 2011 at 10:08 PM
Vtrender said...

Yes MLMT,

That divergence is worth keeping an eye out for.Maybe just beginning and as with all divergences may continue for a period.

last time around, we picked up a positive one between May and June, only to see the market rocket 500 points higher.

October 3, 2011 at 10:19 PM
Anonymous said...

@rm

Why is your jpg file named nastymo....

October 4, 2011 at 1:17 AM
Anonymous said...

Looks like negative divergence is gonna play out today given the carnage in US markets.

October 4, 2011 at 2:06 AM
Anonymous said...

Most likely gap under the lows is coming

October 4, 2011 at 2:07 AM
r m said...

@MLMT

Nastymo is inspired by Nymo with some spice added (Na st - National Stock Exchange, Y - spice, MO - Mc Osc.)
:)

October 4, 2011 at 8:43 AM

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