4 replies to this topic

[tommyt]

I don't follow too many indicators these days, but do pay attention to the Mc Osc and MACD. Daily AND weekly MACD are now triggering nice divergent sells and the summation has slowly been making lower highs and ready again. I know this has been an amazing run, I am no perma bear...but now respect these signals. Especially the weekly MACD, when a move makes a new high and the MACD fast is living below the slow and turns down you get potentially good moves.

 

http://stockcharts.c...id=p33551992179

 

http://stockcharts.c...id=p95393601823

 

http://stockcharts.c...id=p83733137120

 

 

 

*charts courtesy of stockcharts.com

 

 

[dasein]

i think anyone waiting for a sell is about worn out so it is a good time - seasonally too...

[tommyt]

You would think bears are worn out, but not all :-) The weekely MACD is in a vulnerable position, can't ignore...in addition, unless things have changed, Rocketman's "window" is June/July. He is NOT a fade.

[JamesE]

Tommy,

I assume he is looking for down during June/July?

[tommyt]

"I assume he is looking for down during June/July?"

 

big down window. I will let him add anything further if he chooses to do so. I'll keep my mouth closed for now.