This question was sent to me from one of our students: âHey Joe! Is there any time that you feel there is a valid use for oscillators and/or divergence?â Yes, there is a time when such things may prove to be of value. The opposite of trend following trading methods involves trading techniques that enter on the tops and bottoms of move¬ments, or counter trend trading. Oscillator divergences may help accomplish this highest risk type of trading. Having set predetermined time and price objectives that should form below a previous top better than 70% of the time greatly facilitates this kind of trad¬ing. Selling short term rallies until intermediate downside price objectives are achieved is the best way to execute this strategy. This is one trading area where oscillators and their divergences are valuable. Strong down-trending intermediate markets â look to sell when short term RSI values rebound to hit 50, weaker downtrends hit RSI's of 70 or higher. No system creates more open equity, defines trends, and forecasts the time and price objectives better than the 1-2-3 trading pattern, which may be the first objective pattern recognition system ever created. When the 1-2-3 price objectives are 200%+ over extended, the market is technically due for a correction of the 100% downside minimum value. Joe Ross
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