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Strategies & Market Trends : Classic TA Workplace

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To: JRI who wrote (50947)8/22/2002 9:32:58 AM
From: The Freep  Read Replies (3) of 209892
 
<<Also, got any thoughts about his point: Only 3 times in last 2 years....has MACD converged w/stochastics (as in Naz right now)...each time, leading to 40% down.... >>

My only thought on this (and save the flames everyone) is that I'm wondering how often this convergence showed up during the bull market? Seriously, I'm not arguing we're in a big bull here, but I wonder if it's not a small secular bull within the bear? If so, all the carefully calibrated TA tools that have worked well for the last. . .uh. . . two years, will need some fine tuning, much as all the TA that worked before (ARMS signal, anyone?) has not worked as well during the bear.

We'll clearly know the answer to this particular set of readings within a short period of time, and I'm NOT making a prediction with the above. . . just raising a red flag, so to speak.

the freep
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