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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Clint E. who wrote (16128)5/19/1998 9:18:00 PM
From: Thomas C (Hijacked)  Read Replies (4) | Respond to of 69343
 
MAJOR SELL SIGNAL IN THE MAKING AGREE OR DISAGREE

Does anyone here follow the MACD HISTOGRAM weekly chart for the DJIA, Nasdaq, Russell 2000 ?????? In 2 out of these three indices it is issuing a classic bearish divergence which means we are heading down big time for the next 2-3 weeks at least.

This is the BEST indicator in technical analysis, it makes beautiful calls on the market. And they are rare enough to make you really pay attention.

If you had followed the MACD histogram during 1929 you would have been able to get out of the market before the crash!!!!!

Please someone who follows this indicator, lets discuss it!

Tom