This is a simple IT and LT trend chart using EMA'S to indicate trend using price cross-overs for alerts and EMA'S crossovers as conformation. From 1995 to 2010 only three false signals and the other indicators negated one of those. Draw downs can be large tho and other tools/charts should be used.
Study the RSI and MACD relationship with the EMA'S and price.
Compare the duel STOCHRSI levels with price action.
Early warnings of major TREND change is easy to determine.
Several posters here have used this technique with success, as many have said - IT IS ALL IN THE CONTEXT.
With some minor changes this is also usable for most ETF and Stock IT & LT TREND.
I left off various trend lines, BB bands etc for clarity. This is really all you need, but sometimes I analyze way too much.
Edited by mss, 09 July 2012 - 07:09 AM.