by umang » Tue Jan 22, 2013 9:33 pm
1= MACD WHEN CROSSES 0 LINE BIG MOVES AS ASPECTED EXCEP THE 4TH EW WAVE WHEN WHERIN IT FORMS A MACD HOOK AND PRICE REVERSES. PLEASE BACKTEST WITH 15MIN/30MIN CHART MACD WHEN CROSSES 0 LINE THERE ARE MOSTLY BIG MOVES. LIKE HAPPENED TODAY @ 1 (SAME IS THE CASE WITH RSI)
2= SUPPORT & RESISTnce PRICES SHY AWAY FROM SUPPORT/RES LINE AND WHEN THEY BREAK IT ITS TIME FOR TREND REVARSAL ie THE NEW BUY ERS ENTER THE STOCK AND SHORTERS BOOK LOSS LEADING TO BIG MOVES
3a AND 3b=the LINK HAS ALL THE ANSWER IF DOUBT CAN ASK HERE @ bapi
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