Dangerous Times - Thursday, page-8

Thanks Jako

Yearly Highs and Lows

What a difference a day makes. As per other comments in tonights thread, I would expect a test of the  summation index's lows. Favourite setup in these circumstances would a divergence whereby the XJO drops to new lows while the summation creates a higher low.

Candles

My software is flagging this as a hanging man - of sorts  This is a long story as to why it does that, and has everything to do with definition of "trend". I've taken the approach of allowing a greater number of false-postives thru the scan rather than limit false-negatives. Perhaps I should link the definition into the OS/OB nature of the RSI. Have tried it with other momentum jobbies and it didn't work that well.

RSI
Turned up strongly at last.



The Tangs,



Great night all.