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Post# of 16651
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Re: hang ten post# 4141

Wednesday, 10/07/2009 7:35:58 AM

Wednesday, October 07, 2009 7:35:58 AM

Post# of 16651
MACD is vital along with OBV
MACD indicates trend just make sure that the slow line is well above 0. Also make sure that new highs in price do NOT have lower highs on the macd. That means that the new high was not with strenth.
When the price drops hard, the macd still is above 0 and the OBV isnt dropping then the stochastics can be used to signal a bounce only when the price is at support.

Weekly cahrts are vital
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