FrankSpeech Network Inc (FSBN)

[martyMAC]

Money Mountain Forming $$$$$

This is a formula from Ken Goodrich (who Simple holds in high regards) Kens board is: http://www.investorshub.com/boards/board.asp?board_id=1616 and Money Mountain is his newest TA formula/indicator:

Finding the base of Money Mountain

You are only concerned with two indicators in this setup up. The first indicator is the Aroon set at 8 day, and the second indicator is the MACD Histogram set at 5,15,10. When you are looking at the Aroons you want to see the Aroon Down crossing the 70 coming down, and you want to see the Aroon Up on zero. You will then notice the MACD Histogram having a sloping set of bars heading toward the signal line. With the Aroon Up on zero the MACD is very close to crossing into growth mode. When you see the Aroon Down dropping through the 70 you should be considering buying.

It is that simple.


What to look for in the above chart:
#1. AROON- 8 You watch as the Aroon down crosses the 75 down and the aroon up comes up from zero. Most important. (\0/)

#2. WILLIAMS%R- 9 You watch the line cross the 50.

#3. ChiOsc- 2, 5 You watch the ChiOsc crossing the zero line.

#4. ADX/DMI-5 You watch as the D+ line either crosses, or is higer then the D-

#5. MACD histogram- 5,15,10 You watch the negative bars register -50% smaller then the bar before it, or -50% smaller then the largest in the grouping.

#6. Full Stoch- 5,3 You watch the fast line cross the slow line while the aroon down(8) crosses the 87.50. Crossing the 20 would be best, when the williams agrees.

#7. Bollinger Band 20,2 You watch for the Magic Box to occur when the negative close touches above the lower bolly and the next day’s close to it is positive growth in a white candle.

You can find more TA docs in his I-box or header section. Go Money Mountain.

Peace.