Hi novis,There is a significant difference between prices moving...

Hi novis,

There is a significant difference between prices moving from support levels within a pronounced downtrend ie short term rebounds and the pronounced downtrend signified by the classical features of a lower high and a lower low.

We are talking about a technical rebound from off the lows in VPG ( entering at a low risk area especially the lower edge of a band envelope ), and not buying from off a confirmed uptrend which is signified by your higher highs and higher lows.

Also the price oscillator chart by itself has zero prediction functions ie. it does not contain any future projection, unlike a cyclic analysis. There is no projected future prices on the chart. It is always correct because it indicates past, historical price movements. You can only get the chart AFTER price has occurred. However, by comparing the current location of the oscillator with respect to its past movements, we can get a reasonable idea of how price is performing. Subsequently, we can make an educated guess of what may occur.

Hope that helps.

dascore