InvestorsHub Logo
Followers 1653
Posts 18274
Boards Moderated 1
Alias Born 11/10/2004

Re: lowtrade post# 2437

Tuesday, 05/24/2005 1:02:29 AM

Tuesday, May 24, 2005 1:02:29 AM

Post# of 44374
nerd ERROR in this ;

That said Aroon does seem to give some PPs height indication by the point of cross. If it crosses low 30 line or so stronger move, If it crosses at the high line 70, move seems to be weaker.
You won't find this in the education sites, about arron's. This is something I and others on the board, have noticed!

Should be; 70 cross point weaker reversal, 30 stronger.

IMO This is because when the 30 line is reached there is less trades being made and weaker resistance to a reversal and when at 70 there are more trades being made and more resistance to a reversal.

Sorry for the mistake, but it gave me an excuse to explain why I think it works that way.


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.