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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: GROUND ZERO™ who wrote (24800)	6/5/1999 9:07:00 AM
From: jjs_ynot	Read Replies (1) of 44573

I am not sure that I fully understand the pattern. Perhaps you could use some numbers to show that pattern.. However, let me say that we had a significant MACD divergence on intraday charts on May 26 and June 2 on the MACD. A bottom was put in on the at a MACD level of about -40 on NASDAQ (5/26) and about -15 (6/2). This higher bottom at nominally the same price level is a very strong indicator of an imminent upturn of significant strength. It is a better indicator for indices that individual stocks but works for them as well. The reliability if no big external events intervene, like a war or interest rate hike is almost 100 percent.

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