EZMONEY ED AND FRIENDS PICKS

[dmlabuda]

I feel the price will rise due to the divergences but, the MACD is really not a very good indicator simply based on a crossover. I use it to confirm other indices readings. When there is bullish tension between the MACD histogram and the MACD line, that is a much better indicator of a rise or fall in price. There was bullish tension in the MACD back at the beginning of July but, so far the market has not reacted to it even in spite of a subsequent crossover in the MACD. But, now we also have a divergence to go with that so, in my opinion, a rise in price will come. The lack of volume leads me to believe that any rise in price now will prove to be nothing more than a bounce in a bear market.