(2015-11-22, 08:33 PM)pcabc Wrote: [quote='shaunattwood' pid='9363' dateline='1448186879']
All major indexes back above 150 day ma's, back to bullish or whipsaw signal? Stopped out of shorts and back to neutral.
Long term chart of the last 20 years with a 12 month MA of the S & P. The MA is only broken during corrections and major downturns. Right now the s & P is over the 12 month MA but there is a divergence if you look at the MACD.
In Stan's interview in 'Technically speaking' he stated the 50 Day MA could be used as an intermediate move. The S & P is currently above the 50 day MA. My understanding of intermediate is over 2 weeks to a couple of months.
The same interview states the MACD and stochastics on a weekly chart could be used for an intermediate time frame. Stan state the stochastics gave an earlier signal than the MACD. The S & P on weekly
stochastics seem to be topping out, The
MACD doesn't show the move topping out yet.
Continuing in the interview Stan states the Stochastics and the MACD on a daily chart can be used to demonstrate the short term momentum (I assume one to two weeks). The
stochastics on the daily seem to be moving up.
Stan also goes on to say it is important to know what your indicators are telling you and to be able to differentiate between longer term and shorter term indicators.
In the process of learning I posting what I think is a possibility from just a few indicators. Stan Weinstein would be able to paint a picture using his weight of the evidence from many indicators.