Carl Swenlin writes that PMO crossover considerations include - 1) the price pattern, 2) configuration of PMO, 3) support or resistance lines 4) near overbought or oversold level and finally 5) "signal is best when price appears extended." All makes sense to me except the last one ... not sure what he means by "when price appears extended?" Extended price range?? Also wondering how Carl's PMO differs from stockcharts PPO ... looks similiar. ALL COMMENTS WELCOME.
Carl Swenlin PMO crossover suggestions
Started by
calmcookie
, Feb 12 2005 05:01 PM
1 reply to this topic
#1
Posted 12 February 2005 - 05:01 PM
#2
Posted 12 February 2005 - 05:30 PM
I use the standard and also a modified version, a little faster to react:
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer