Objective & unbiased technical analysis by Brian Shannon

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MACD/ Price Divergence

Posted on July 01, 2008

is showing on the 60 minute timeframes. These divergences often come before a turn in trend. They are just one piece of a complicated puzzle, not enough to trade on, but it does suggest that the short term lows may have been seen for this leg lower. Risks remain HIGH and only price pays, maintiain your discipline and listen to the market....

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lows , short term