bearish top formed , page-4

Rusty - I agree, there is a serious possibility that the mighty martis is misleading his loyal followers here...
you don't think he could be pumping it so he can sell out do you??
I feel the palm trees swaying too......


The MRX chart shows both MACD & MACD Histogram bearish/negative divergences along with early signs of a double top.

1) A Negative Divergence forms when the security advances or moves sideways, and the MACD declines. The Negative Divergence in MACD can take the form of either a lower High or a straight decline. Negative Divergences are probably the least common of the three signals, but are usually the most reliable, and can warn of an impending peak.

2) A MACD-Histogram peak-trough divergence occurs when at least two peaks or two troughs develop in one direction to form the divergence. A series of two or more rising troughs (higher lows) can form a Positive Divergence and a series of two or more declining peaks (lower highs) can form a Negative Divergence. On a daily chart, a peak-trough divergence can cover a time frame as short as two weeks or as long as several months.

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_average_conve#usage

3) The potential double top needs the SP to close below 14c & will have a target of 11c should it eventuate.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:double_top