DJ
- mainly bearish but 34EMA still providing support.
-turbo cci hooking up.
-potential tussle but let's see
NQ
-intersting to see CMF money flow in. Taking abite at Apple?
-watch.
Rusell
-likely ZLR+ but most other indicators bearish.
-shows the strenght of leading indicators like cci.
Showing posts with label Indicators. Show all posts
Showing posts with label Indicators. Show all posts
Monday, May 12, 2008
Saturday, April 26, 2008
26/4 Trading and trending markets
From John Murphy's "introduction to technical indicators and oscillators":
Because leading indicators generate more signals, they are best used in TRADING markets. These indicators can be used in TRENDING markets, but usually with the MAJOR TREND, not against it.
In a market that is trending up, the best use is to help identify oversold conditions for buying opportunities and vice versa.
Because leading indicators generate more signals, they are best used in TRADING markets. These indicators can be used in TRENDING markets, but usually with the MAJOR TREND, not against it.
In a market that is trending up, the best use is to help identify oversold conditions for buying opportunities and vice versa.
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