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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (1751)	1/3/1999 8:18:00 PM
From: xcr600	Read Replies (1) \| Respond to of 2120

<< --There are two lines, red and blue. The red line is the "fast" line, the blue a bit slower. You are looking for events where the red crosses the blue and indicates a shift in momentum. Red crossing blue going upward when both are below the center line seems to be more powerful as a buy signal, while red crossing blue going down when both are in the top half is more powerful as a sell signal. Any time the red crosses the blue going up it can be a buy, and a cross going down can be a sell. >> Dale, I'm no expert, but when I use MACD, the red line crossing the blue above the 0line is a much better strength of trend indicator. Look at a chart like AOL and see what I mean. Very strong positive trend. This works as well for a sell signal (below the 0line). x