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To: TLindt who wrote (5831)7/11/1998 1:13:00 AM
From: g_m10  Respond to of 8545
 
Put a 12-25-9 MACD on it and it is what it is... Money Flow...IMHO.
I have to claim ignorance. I could never come to understanding of all those lines (averages). I think that they are only good to explain things in the hindsight. It, probably, because the only TA book that I managed to read from cover to cover taught that the truth not in the graph, but under the graph - in volumes. Volume tells what the crowd is doing- panicking, exited, doesn't give a ... It tells who is selling - small fish or big. BTW, the first edition of that book came out of print in 1931. No kidding.
I understand that my ignorance might be doing me disservice, but found it very difficult to use something that I can't grasp with my humble mind.
Anyway, we seems to come to the same decision - not to try to outsmart the camel this time around.