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8,586.9 all ordinaries

PS Got the BB width method from Market Geeks (free). It just...

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pmd3nka

2,112 Posts.

2

07/04/18

11:27

Post #: 32289253
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Originally posted by pmd3nka ↑

Thanks very much for the considered reply Cabbie. I prefer to be more conservative, indeed be backed also by a DVI crossover (either before or after the MACD cross). But either crossover type, in the positive or negative zone, puts a stock on my watchlist. Concomitantly, downcrosses on either MACD or DVI are viewed as a sell signal.

Sure, wrong plenty of times; and never pick a bottom with these criteria (although took a punt on on SLR when it put in a longterm low on its Bollinger Band Width - very often indicative of a sharp move, up or down). But it seems to work better for me than crossovers in the negative zone.

Cordially, pmd3nka (long fewer goldies.)

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PS Got the BB width method from Market Geeks (free). It just says that if a stock is sticking very close to its 20 day SMA, for any longish length of time, then a break up or down away from it becomes more likely. Doesn't follow from the Random Walk hypothesis, but if you think that stocks are moved by news, or even long periods of no news, then that is a form of reasoning for the indicator. Didn't think that SLR would come out with bad news (lower grade, mine difficulties, etc) or the pog go down much, so thought a move up more likely. Could equally have gone the other way perhaps?

pmd3nka (long SLR)

XAO Value at posting: 5,886.9
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