Replies to post #7677 on MDA - Market Direction Analysis (MDA)

[Ek]

hk2: as i understand it, stochastics make for a somewhat unreliable indicator in trending markets (farley, murphy et el). as long as there is macd supporting the rise, mkt can get and stay overbought (on the stochs) for quite some time.

in sideways mkt, the reverse holds true.

jmho.

ek