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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: Henry J Costanzo who wrote (19464)12/13/2014 12:16:24 PM
From: pedro_deleon1 Recommendation  Read Replies (1) of 41491
 
Henry ... thanks for offering up your reaction to Poker's charts.
What if any value do you attach to how the RSI and MACD seem to have done well in historically signaling major turns on his monthly chart? In particular, may I call your attention in to the red and green arrows, and what they appear to suggest.
At the very least, they seem to offer up cause for concern to the bulls.
Other than your operative count, do you rely on other objective metrics that allow you to dismiss Poker's count, in favor of your own? I use monthlies in my own system, and they seldom seem to be quite enough and so I wonder if quarterly data are needed to properly anticipate these bigger turns. The high monthly RSI has been 'warning' for years already. I know Jack Chan uses both the monthly MACD and a LT trend line in his work with good results, although by no means infallible.
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