MACD Bottom

ChartMan

Legendary member
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chart
 

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neil

Legendary member
5,167 747
macd

The way the price goes up and then dances around in a range reminds me of a book on trading written by Nicholas Darvas. He noted tradeable stocks went up, then bounced around in a box (Consolidation) then moved up again.

Nowadays we could do the same with shorts. Being an old git I prefer the simple things like support/resistance, consolidations, trendlines. moving averages, bollinger and good old MACD.

Being new here I notice people like yourself have a high standard of posting and are kind enough to share your thoughts with those of us intent on catching crumbs from your tables.


Regards

Neil
 
 
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