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justanotherfigment

07/02/15 2:48 PM

#67041 RE: SmartMoves23 #67040




This chart is a easier to understand.

The Blue line ( 50sma) crossed the red line (200sma) a while back which is considered very bullish. It is still trending up so the trend is up. (smaller moving average crosses a larger moving average is considered bullish)

The SAR (stop and reverse) is going to flip positive soon which will bring traders in.

Without going to deep that is the basic of it mate. I use other indicators but this is the easiest to grasp mate. Not the time to sell when a chart looks like this. Now, you have to watch level 2 very close and your own line in the sand.

The MACD still has work to do.

SPRV

justanotherfigment

07/02/15 2:51 PM

#67042 RE: SmartMoves23 #67040

Level 2 is saying things are getting tired so this could get a bit dicey mate.

SPRV

onemaninnj

07/03/15 12:34 PM

#67052 RE: SmartMoves23 #67040

Actually charts are a good tool, but in low trip pinky land not as good as other plays IM. L2 is much more important to stay up on that, real time real actions, charts are based on past doings. Anything can change in a minute in Pinkyland, charts will not tell you everything can make things change in a minute.

My humble opinion of course