Mark, MACD is a price momentum indicator developed by Gerald Appel..This oscillator is based on the point spread difference between two exponential moving averages of the closing price....The two exponential moving averages used are: the 12 day and 26 day..The difference between these exponential moving averages is then smoothed by a 9 period exponential moving average..This is called the signal line...When MACD is negative and below the signal line, you are poised for a buy signal...This occurs when MACD rises above the signal line..
Likewise, when MACD is positive and above the signal line, you should be ready to sell when it drops below the signal line.....
Right now MACD is bullish.....The upward trend remains in place as long as we do not close below 2.50.......With this low volume, the speculators are having their day....Regards, Mark
P.S. To the attacking lurker Richard....if you want to check out my
credentials, I suggest you speak to Zeev Hev, Richard Mazzarelli,
Martin Linsky, Ken Reidy, Rick Trackman, Charles Marsh, or any one on the GRNO thread....Plus I can e-mail you another 10 names... |
