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MACD buy setups


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#1 tommyt

tommyt

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Posted 24 October 2008 - 11:26 AM

I am seeing this in a lot of names. the big MACD bull divergence, meaningful lower cash and higher MACD. This is one of the formations that works best. When the MACD turns up on the divergence setup, the buy triggers...and they should move nicely. These are setups, and are close to a trigger, and we are not in a chase the market scenario, patience. Use stops! As I am seeing this in many names, I think we are close to a mkt low, a Monday gap down may do the trick:

RIMM

MOS

UYM

X

QLD

BHI