uptrend resumes?, page-110

Chalea,

Thanks for your Poo analysis...

Just as a heads up... This is something that I have found in my MACD studies and currently trade on. check the lowest point of the macd histograms where divergence has begun... this methodology has been working for me on lower time frame charts on differnt markets, but is veeeerrrrry interesting.

After serial divergence, first with MACD Histograms and then with MACD mavs, legitimate targets for the resulting price move to negate the divergence is the resistance point (in this case above) prior to the historical price that occurred at (the extreme bar) the MACD histogram divergence began.

Depending on the time fram that you use.. this point then becomes resistance and is generally marked by opposite divergence, which will give you a downside target.

As you can see on your daily POO chart, this gives a legitimate target around $68.. and on the weekly $90.

PS can you tell me where I can get hold of weekly/daily charts of POO on the net that will allow me to add a standard MACD? currently only have access to monthly contract data

;)

PS Thx Robbbbbbb

PPS looking at oil right now on march contract appears about to bolt upwards in the next few miutes/hour