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Footquarters

10/07/06 8:33 PM

#34281 RE: gloe #34280

Trend change chart

The change in the Stochs usually gives momentum then the MACD. This chart is a good chart to confirm move. Also the second chart which would be the break of the 100 giving nt. sell and a break of the 320 gives a hold short. MACD and ADX would have to stay negative. Right now both are saying hold LONG.





GLENO34

10/08/06 12:11 PM

#34287 RE: gloe #34280

If you look at my charts, you will see on every timeframe I use 65,90,12 MACD settings..I have used thoses for years..That is what I refer to when I say long term MACD or HISTO..For example on a 60 min chart, if price has been run up and the long term histo or macd is still below zero and then price reverses, it will not be a very big down move because the MACD wants to move back above zero and that is a divergent..It really shows up well on Askresearch charts..Here is a good example of how you could have caught most of the last two big moves..
<img src="http://stockcharts.com/c-sc/sc?s=QQQQ&p=D&yr=0&mn=8&dy=0&i=p05259946816&a=57...