No Burnett your monthly wouldnt be in coooee of crossing and is a useless time frame given the current daily volatility..
you need to be reading the Daily.
these are the standard settings..
The Moving Average Convergence/Divergence indicator (MACD) is calculated by subtracting the value of a 0.075 (26-period) exponential moving average from a 0.15 (12-period) exponential moving average. A 9-period dotted exponential moving average (the "signal line") is automatically displayed on top of the MACD indicator line.
So Here is the standard MACD about to cross that you spotted
and a Zero lag one that is already long and is narrowing to close out the trade...cheers
whats your vwap reading ? XAO now back to 100pts down so an 11.5 close would be pretty good imo
FDL
flinders diamonds limited
