April leading indicators up 0.1%. Key point is that this is the 2nd straight increase after 5 declines.
Recession argument lost a lot of steam on this...........
Showing posts with label Leading Indicators. Show all posts
Showing posts with label Leading Indicators. Show all posts
Monday, May 19, 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.
Subscribe to:
Posts (Atom)