The difference between daily and weekly graphs

Discussion in 'Technical Analysis' started by eyalco, May 19, 2009.

  1. eyalco


    Hi guys.
    If you are looking at a daily graph of any index (ftse, dj etc) with lets say momentum, and you see a divergence in the daily graph but when you look at the weekly graph you see momentum showing strength to the trend.
    How do we look at it? in the short run I beleive the trend is down' ass momentum diverge but here is my question - the daily graph, what period of time it relates to? How long will it take for the weekly strong momentum to take efect?