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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Challo Jeregy who wrote (8044)	10/18/2002 11:07:10 PM
From: Jorj X Mckie	Respond to of 57110

that is great! Thanks for pointing it out

To: Challo Jeregy who wrote (8044)	10/18/2002 11:33:59 PM
From: bramble88	Read Replies (1) \| Respond to of 57110

Wow. Very interesting. I will have to look into PPO some. Funny thing is this is the opposite of how I've always used MACD. Perhaps the time scale makes a difference.. will have to look at a bunch more charts. Anyway, I look for a divergence, meaning that MACD makes a higher low when Price makes a lower low (or turn it upside down, if you like). When I see this kind of divergence -higher low on MACD, lower low on price- I expect a reversal of some sort, perhaps a significant rally. I actually have been looking for successive instances on the same chart: three successively lower price lows, coupled with three successively higher MACD lows to give me a buy signal; the reverse for a sell. The use of PPO in this post is instead looking for a good hard drop in the indicator to predict a good rally.. Got to think about this.. makes me wonder whether what I've been doing is simply waiting for something to drop for a significant while and at that point a short term reversal is somewhat likely to produce a real rally..? Am I making any sense? if not, blame the wine..