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Strategies & Market Trends : Effective Trading In Our Markets. Learn, then Earn
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To: Henry D who wrote (1646)10/9/2002 6:04:58 PM
From: Ray Rueb  Read Replies (1) of 1854
 
PDG still in a HOLD SHORT pattern on MACD

I'm just updating our earlier discussion, absolutely not rubbing anything in. I just think the MACD (UNDER CERTAIN CIRCUMSTANCES) can be a valuable trading tool.

My MACD charts still say that PDG is a HOLD SHORT; i.e. no COVER signal in sight.

Here is the current chart:
139.142.147.218

What to look for:
SHORT signal: The 3 day downslide on the back end of a hump (positive territory) where the MACD is heading towards zero is a pretty safe place to short from. It doesn't maximize profits, but it does minimize risk.

COVER signal to be ultra safe: the first day where the MACD finishes higher than the previous day. In between these two signals is a safe HOLD SHORT territory.

COVER signal to be more risky but possibly higher rewards: wait for a rounding bottom like the leading bottom edge of a U. Frequently a stock will go on to reach lower lows a little later in the chart, but first will undergo some uptrend and you run the risk of a reversal.

IMHO, the lowest risk to profit in shorting is the time between the SHORT signal and the second COVER signal described above.

If you'll notice, PDG still hasn't even thrown the first COVER signal.

You all be careful out there
Ray
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