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Strategies & Market Trends : Playing the QQQQ with Terry and friends.
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From: fiboman6/8/2005 12:32:29 PM
   of 4814
 
I have abandoned TSI infavor of MACD with Bierovic Parameters.

In an earlier post, there was a reference to bullish and bearish divergences between the indicator and the price chart.

Each divergence cluster has a first and last date. The first dates are used to draw linear recursion lines on the indicator. The last dates are used to draw linear recursion lines on the price chart. The last dates determine the reversal points. Occasionally a reversal point appears without a divergence signal. The indicator displays buy/sell spike at these points.

The gap is still asserting itself in holding QQQQ captive. Also the cluster of stick centered around the lower gap boundary is providing plenty of resistance.

ttrader.com
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