| Welcome Guest, please sign in to participate in a discussion. | Search | Active Topics | |
Registered User
Joined: 11/14/2004
Posts: 29
|
Hello:
I just have a simple question. Mr. Warden in his chart note on WYNN dated 8/15/06 (yesterday) said "TSV was divergent at the Q3 bottom" So far as I can see the Q3 bottom occurred on 07/28/06 and the bottom before that occurred on 06/13/06. The bottom of price on 07/28/06 was lower than the price bottom on 06/13/06. Since the bottom of TSV on 07/28/06 was also lower than the TSV bottom on 06/13/06 I fail to see how there was a divergence. I would be grateful if you would clarify this.
Gilbert
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
(note his name is Don Worden, not Warden)
I cannot speak for Mr. Worden but I can offer what I see.
Jump to WYNN and bring up his attached chart.
Note TSV in the middle window in white.
Price formed a low in second quarter. Price then formed clear lower low in the third quarter.
TSV formed a low in second quarter. TSV then formed a similar low in the third quarter (not a definitive lower low like Price).
- Craig
Here to Help!
|
|
Registered User
Joined: 11/14/2004
Posts: 29
|
QUOTE (Craig_S) (note his name is Don Worden, not Warden)
I cannot speak for Mr. Worden but I can offer what I see.
Jump to WYNN and bring up his attached chart.
Note TSV in the middle window in white.
Price formed a low in second quarter. Price then formed clear lower low in the third quarter.
TSV formed a low in second quarter. TSV then formed a similar low in the third quarter (not a definitive lower low like Price).
Thank you for your comments. I now see that my eye was playing tricks on me. The second low of TSV was actually at about the same level as its previous low. Because I was focusing on the sharpness of the second low I sort of thought that it was lower than the previous low. Thanks so much! You have been helpful.
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
My pleasure.
- Craig
Here to Help!
|
|
Registered User
Joined: 1/1/2005
Posts: 2,645
|
dares,
There is no divergence between the Q2 and Q3 bottoms using TSV18 Simple, but there is if you use TSV17 Simple. The divergence reappears when the period is slightly above 100. Please notice that the AVG(TSV18,10) on the chart forms a divergence with Price. DW could be referring to the latter, although, I have never seen him do that before.
One can frequently make divergences appear or vanish when using Simple Moving Averages of TSV by changing the period.
Thanks,
Jim Murphy
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
Have you looked at his attached chart on that note? Did you notice the chart settings (including the days/bar)?
- Craig
Here to Help!
|
|
Registered User
Joined: 1/1/2005
Posts: 2,645
|
dares,
If you would like to see a pronounced TSV divergence, please do the following:
1) On Daily Time-Frame, place 08/14/06 on the Right-Edge.
2) Switch to a 2-Day Time-Frame.
This may be the cause of DW's statement.
If you update anytime today (08/16/06) and observe the 2-Day chart, the strong TSV divergence will be present.
Thanks,
Jim Murphy
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
...or you can just look at the same chart Don Worden was looking at by viewing the attached chart.
- Craig
Here to Help!
|
|
Registered User
Joined: 1/1/2005
Posts: 2,645
|
QUOTE (Craig_S) Have you looked at his attached chart on that note? Did you notice the chart settings (including the days/bar)?
Craig,
Yes. The Q3 low for TSV18 is the lowest on DW's entire chart.
I am updated through the close on 08/15/06. Maybe the chart attached to the Note has been changed since then? Please see my second post.
Thanks,
Jim Murphy
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
An attached chart cannot be changed. It is rendered on your machine based on the settings attached to the note. Maybe you should email Mr. Worden and express that you see no divergence on his attached chart.
To elaborate on what I saw:
The Q3 vs Q2 low in price is a more significant lower low in the context of the chart time frame vs. similar lows in TSV. Its just what I see and I would call it a positive divergence in the lows.
- Craig
Here to Help!
|
|
Registered User
Joined: 1/1/2005
Posts: 2,645
|
QUOTE (Craig_S) An attached chart cannot be changed. It is rendered on your machine based on the settings attached to the note.
Craig,
Thanks. The TSV18 Simple Q3 low is the lowest point for TSV18 Simple on the entire attached chart. If that is not the case on the attached chart you are viewing, then we are viewing two different attached charts.
Is the TSV18 Simple Q3 low the lowest point for TSV18 Simple on the entire attached chart you are viewing? If not, we may have discovered a problem of some kind.
Thanks,
Jim Murphy
|
|
Worden Trainer
Joined: 10/1/2004
Posts: 18,819
|
It is lower... but I see it as more of a test of the Q2 TSV low whereas I feel price clearly formed a lower low vs. a test. I see TSV's Q3 as a test of the Q2 low (yes, it is slightly numerically lower than the Q2 low). I see price's new low as clearly breaking the Q2 low.
Just my opinion, just how I see it. As I've said before, my opinion comes from no expertise or claim of authority. I would be willing to bet a large amount of doughnuts that it is what Mr. Worden refers to when he notes "TSV was divergent at the Q3 bottom".
I see what TSV did since that bottom as even more divergent.... moving into positive territory and testing highs from when it was last positive three or so months ago.
- Craig
Here to Help!
|
|
Registered User
Joined: 1/1/2005
Posts: 2,645
|
Please notice that the interval from the Q2 low to the Q3 low on the attached chart covers 18 bars. The maximum net share distribution as measured by TSV over any 18 bar interval on the chart occurs at the Q3 low.
It seems a little odd to claim a positive divergence where that maximum net share distribution occurs. Price depreciation did not attain a maximum over the Q2 low to Q3 low interval.
Thanks,
Jim Murphy
|
|
|
Guest-1 |