Friday, October 22, 2010

SPX and NYMO Divergence

SPX new high but NYMO is clearly in red. I have a similar setup called NYMO Sell that uses the same principle, see the top left corner in the chart below, the setup has 65% winning rate (since 2002) while the gain loss ratio is 5.2 which is astonishingly high and which means the setup is very effective in catching an exact top.

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