AI
Sunday, July 25, 2004 5:12:07 PM
The following chart for NDX is what I follow periodically to assess direction and longer term flip flopping of my Rydex account. I cannot even remember where I came across it in first place anymore but the theory goes that when the blue lines are on TOP of PPO and MACD diagrams, then be SHORT and when black lines are on top be LONG. And I watch for turns in the 8day ema red lineto get nervous about changes in trend. Similar charts for SPX and DJI. All three charts still seem to be pointing down....so that ought to be proof enough to go long, LOL. Now to see if this chart posts.....
Chuck
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=1212838,4&cmd=show,IDAY[N]&disp=e
My charts link is shown in my profile. The charts are usually up to date with my thinking or theorizing, but no guarantees on either.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
