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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Patrick Slevin who wrote (9619)12/6/1998 2:38:00 PM
From: SE  Read Replies (2) | Respond to of 44573
 
ALL:

I have a two very basic question on MACD interpretation. I know how to spot a bullish or bearish divergence. Is there any way to compute the possible or potential gain from a divergence in the charts?

Second question relates to the opposite of a divergence. Let's say the SPOO sets a high at 1180 and a basic MACD reading is at 1.2. Now if the SPOO sets a new high at 1195 and the MACD reading is at 1.8, does that tell us anything? MACD has confirmed the price move, but can we get any further directional analysis from that.

Thanks in Advance.

-Scott



To: Patrick Slevin who wrote (9619)12/6/1998 2:40:00 PM
From: Jerry Olson  Read Replies (1) | Respond to of 44573
 
No Pat

i thought you sounded like a correction was near at hand...YES???

or are you're reads day to day...i don't know...you sometimes give longer term looksee's though??? hmmmm

must be my brain....it hurts you know...has a big silver plate in it...i get signals from Mars once in awhile....too....:>}