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Wednesday, June 08, 2005 11:00:43 AM
That MACD is almost at the zero mark (according to the ASK RESEARCH one month chart I use).
SWAG: Just like I witness often of a lowering pps while that MACD indicator moves north to zero signals a mighty jump once the MACD crosses zero, my SWAG analysis tells me that the pps inching up or staying level (pretty much what we're seeing) while the MACD tries to cross the zero line south (to "set itself up", so to speak), bodes just as well.
Somebody who actually has good experience reading the "tea leaves", please correct me if I'm wrong. Just going by observation. But, heck, isn't that all TA is...observing the action of stock charts over time and building hypothesis' based on past experience?
Kinda like psychology...oh yeah, that's what the market is...a well constructed psychology "experiment" that the professors have set up and yet already know the outcome. They ask for volunteers to test their theory every day and some are all too willing to submit.
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