Juststocks I take it your point is because the cross was low at 30, the up swing in PPs should have been weak, and to get such a strong up swing like gtel had the past 4 days, should have generated a cross at 70. Being new to aroons, I thought the same thing. So I did some more reading and found this.
Seems we both misunderstood the the cross point as strength of breakout. When it indicates the the continuation or reversal for the trend, if your thinking was like mine. I was so use to volume indicators, which work that way, I forgot aroons use frequency to determine trend rather than determining strength.
Also notice the close proximity statement, I take that to be your parallel lines, that show accumulation. What do you think? I'm going to continue to read. http://www.fongan.net/mtHelp/mtHelpTPage.asp?cn=&hpi=1182 Chande states that when AroonUp and AroonDown are moving lower in close proximity, it signals a consolidation phase is under way and no strong trend is evident. When AroonUp dips below 50, it indicates that the current trend has lost its upwards momentum. Similarly, when AroonDown dips below 50, the current downtrend has lost its momentum. Values above 70 indicate a strong trend in the same direction as the Aroon (up or down) is under way. Values below 30 indicate that a strong trend in the opposite direction is underway.
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