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How Reliable is Divergence in Stock Market?

Posted By On 10/01/2009 02:13:00 PM Under
One can understand the divergence as an action where one sees market making a new high or low but the corresponding MACD or other oscillator do not make a confirmatory move and is generally seen moving in the opposite direction.

This type of movement tells an individual that the market has peaked or has bottomed and thus a likely reversal is in offing and these are reliable patterns with reliability increasing with the corresponding increase in period.

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