AI
Friday, July 09, 2004 3:03:11 PM
Ratio ma crossings…
Note in the past;
ma crossings of INDU:COMPQ “top chart” have signaled months in advance, ma crossings for the QQQ “bottom chart”
So for now, ignore the ind’s and soak up the ma crossing.
Cross-reference the 2 charts.
In this chart set and trading stage;
Flat, long drawn out trading stages for the top chart signals consolidation and/or change of direction.
For those of us that are Bull extremist;
You can see how important it is not to make a new high for the INDU:COMPQ “Top chart”
Remember interpreting ind’s in the top chart is like cutting your own hair in the mirror or backing up with a trailer.
It's difficult at 1st but 2nd nature with practice.
Note in the past;
ma crossings of INDU:COMPQ “top chart” have signaled months in advance, ma crossings for the QQQ “bottom chart”
So for now, ignore the ind’s and soak up the ma crossing.
Cross-reference the 2 charts.
In this chart set and trading stage;
Flat, long drawn out trading stages for the top chart signals consolidation and/or change of direction.
For those of us that are Bull extremist;
You can see how important it is not to make a new high for the INDU:COMPQ “Top chart”
Remember interpreting ind’s in the top chart is like cutting your own hair in the mirror or backing up with a trailer.
It's difficult at 1st but 2nd nature with practice.
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