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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: marc chatman who wrote (3100)12/30/1998 8:42:00 AM
From: Debra Orlow  Read Replies (1) | Respond to of 99985
 
Marc, the 3-month cycle is just a time frame that the MACD usually falls into, bottom-to-top of any given price cycle. These are sometimes not well-defined, much like the sometimes vagueness of Elliott waves (was that wave 3, or a continuation of the previous? <g> )

I use the floating line MACD, not the histogram. I do use the histogram for secondary confirmation, after the stoch, but I am showing the histogram to be equal in height to the last peak, which to me is neutral. It does not negate the floating line when it is neutral. The stoch is definitely the confirmation here.

Where are you looking at the histogram?
Debra



To: marc chatman who wrote (3100)12/30/1998 8:44:00 AM
From: Debra Orlow  Respond to of 99985
 
Marc, one index that I mispoke about was the NDX. It is not showing bearish divergence, altho the Nasdaq comp is. I guess that I was so excited, my mind thought the Nasdaq, and I wrote NDX.
Debra