trade timing signals - using Advance-Decline line tools

[NASARAVI]

Rimshot - response to BB width question

After more detailed analysis - here are my comments after I saw your comments. Please do not hesitate to point out the right thing and to say I am on the wrong path.

Why root cause - as at NASA we looked at the problem with 2 aspects - proximate cause and root cause. The proximate cause was always technical in nature and root cause lay in human error. I was sure about your abilities than my thinking - so tried to see if there was some intelligence we can derive from BB width.

ADLINE is the primary or raw data. Any other entities derived from it are secondary. While it is best to use raw data, I find very intriguing that Mc OSC and MCSUM both provide a good balance to nail the bottoms.

1.agree with fast MA on AD line it works fine - with negative D and triple top with lower low -

2. MC OSC also had negative D that was very very obvious with it once coming down below 0 and going back was the clue to say that we are close to a top.

3. Mc SUM slope is very critical to start thinking about the next move - I feel strongly as you have suggested that this has been the best directional tool once you know the print tops and their divergences

4. Another clue was 3 time s% BB could not even hit the top at 1.0 or above showing significant underlying weakness

Sorry for the bother, but we had BB width and % BB on the charts and I was trying see if we could use them.

Here is what I found looking more closely - that the BB width s not highly and fully correlated with the price data at all times.

As suggested , we should just use the AD Line, Mc OSC and MCSUM as the main tools.

Take away - my curiosity started with the fact that while we had a nice spike bottom using AD LINE %BB, MCOSC that led me to believe that We can get some intelligence out of % BB and BB width. This spike could be because they sell hard into a bottom, while they take time to distribute at the top.

I am going short with SQQQ tomorrow and stay until the next turn up.

My goal - is to study these cyclic movements and trade them - to get conviction as fear or failure or fear of loosing out were playing tricks on me.

My sincere heartfelt thanks to you for introducing me to your tools - I hope to succeed in trading the right way with right tools and building knowledge and experience.

PS - saw a chart of FB - August 15 it had come to 70 which may be 4th wave. You were right on that. Thanks.