MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: marc chatman who wrote (3100)	12/30/1998 8:42:00 AM
From: Debra Orlow	Read Replies (1) of 99985

Marc, the 3-month cycle is just a time frame that the MACD usually falls into, bottom-to-top of any given price cycle. These are sometimes not well-defined, much like the sometimes vagueness of Elliott waves (was that wave 3, or a continuation of the previous? <g> ) I use the floating line MACD, not the histogram. I do use the histogram for secondary confirmation, after the stoch, but I am showing the histogram to be equal in height to the last peak, which to me is neutral. It does not negate the floating line when it is neutral. The stoch is definitely the confirmation here. Where are you looking at the histogram? Debra

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