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Re: duelittle2 post# 36249

Tuesday, 03/16/2010 1:16:29 PM

Tuesday, March 16, 2010 1:16:29 PM

Post# of 72328
Ichimoku Cloud_______A multi-faceted indicator designed to give support/resistance levels, trend direction, and entry/exit points of varying strengths. General theory behind this indicator states that if price action is above the cloud, the overall trend is bullish, and if below the cloud, the overall trend is bearish. There are also moving averages (the Tenkan and Kijun lines) which act like the MACD crossover signals with the Tenkan crossing from underneath the Kijun as a bullish signal, while crossing overhead giving a bearish signal.

Just entering the clouds, which is Bullish , MACD on the Rise as Is the RSI

Keep it coming.