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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?


To: bob wallace who wrote (9805)3/7/1999 9:34:00 AM
From: Dick Brown  Read Replies (2) | Respond to of 12039
 
The divergent system I mentioned doesn't just rely on MACD and it still makes bad calls..but it also has made some great ones..I agree with you and Richard that just a divergence in one indicator is pretty risky..When I feel comfortable with a signal I don't take it till we violate some recent low..If that doesn't happen in 2-3 days
I'll pass on it..When the trend isn't very strong MACD can whip you in and out often..
Dick.