I know MACD crossover is the best I use a longer time frame long march 03' short October 07 The power of simplicity, MACD crossover: Short from 10 am, long from 12:45 -------------------------------------------------------------------------------- I hope you are kidding.
So it turns out that I got stabbed in the back as this market is going lower again as I initially thought.
The rally is still driven by very limited # of issues. The tape is painted. Not a good sign. For this rally to continue, though, as long as we do not get more shocking bad news will likely do the job ...
Hope is a four letter word. MACD works just fine (as the sample showed) in trending markets. The problem is that we don't know when it is going to trend...
Failed. Use Tinypic.com and once uploaded, copy the second line (IMG Code for Forums & Message Boards) here, that will work. For Jmoo, there is actually a Quote button here so you don't need to copy the quotes all the time. Just click on Quote, then respond to the post. *Pekelo's "How to post in message boards" message was brought to you by the Steelers' Sunday win.
LC & others... If ES goes above 855/60 and closes in that area, does that have any significance with options exp? I get that based on technicals more downside is expected if we don't close above 55/60 (depending on trader's indicators.) But with opt exp if we close at or near 45/50 range why do you expect heavy downside? Is it as simple as it seems (no strength, intentionally floating market simply because of opt exp.)? I'm am reading up on opt exp days and charts, but wondered your points...Thx