GREY:CCZFF - Post by User
Post by
Techsavyon Apr 11, 2010 9:17am
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Post# 16979087
CCZ T/A
CCZ T/AFor what its worth, MACD turned up on April 1st and Momentum went positive on the 5th. These indicators are fairly accurate over 2/3 yr chart back test.
What is interesting, is the last time MACD and Momentum turned up (from negative territory) at the same time and continued into positive territory, was Sept 22 / 2009. We all know what happened after that.
To mirror the September move, we are waiting for MACD to go positive (should take a few more days) as momentum has already turned positive.
Selling has clearly dropped off as 9 of the last 10 trading days have ended green on +/- volume chart