b2 to madmacs.share price due to fall., page-26

re: madmacs to b2: Well I just ran through my bag of tricks
the Chande Momentum and Chaikin Money Flow I was refering to had both reached historic highs
so in fact they didnt signal continuations.
The data for all oscillators was the same
being the slight volume decrease and price increase from thusday to friday. Unless we use some sort of exponential equation based on longer term history ranges.
I must agree and I cant see how simple oscillators can help.
So its back to trendlines and holistic trading patterns.
white Candles etc.
and watching todays trading closely for intraday reversals, by fine tuning our standard oscillators..
Here is a back tested zero lag Macd Template I use
It gets very close to the reversal action.
We all know through our TA texts that a stock closing on highs on a weekly will attract stragglers on monday and an opening rise can be expected, this is certainly a valid time to look for a reversal for some short term profits..previous highs and upper resistance levels need to be considered.
Phew Im just raving now
food for thought B2
good trades
john