The Handbook of Technical Analysis + Test Bank_ The Practitioner\'s Comprehensive Guide to Technical Analysis ( PDFDrive )

thE hAnDbook of tEchnicAL AnALySiS

Figure  9.47 Divergences between the Dow Jones Industrial and Dow Jones Trans-
portation Averages.
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$66, which incidentally also coincided with the projected cyclic low near point

2. Integrating time and price projections is normally assumed to yield a more
   reliable analysis.
   In Figure 9.47, we see alternating standard and reverse divergent signals be-
   tween the Dow Jones Industrial and Transportation Averages.

Figure 9.46 Combining Standard and Reverse Divergences with Cycle Projections.
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