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Technical Analysis: Power Tools for Active Investors
book

Technical Analysis: Power Tools for Active Investors

by Gerald Appel
March 2005
Intermediate to advanced
264 pages
6h 55m
English
Pearson
Content preview from Technical Analysis: Power Tools for Active Investors

The Amazing Ability of the MACD to Identify Significant Market Low Points Following Severe Stock Market Declines

The MACD would be worth following even if only one of its capabilities existed: its ability to define market re-entry junctures following serious intermediate- and long-term market declines. We have already seen this ability as it relates to longer-term market trends in the ability of monthly-based MACD charts to identify major bear market lows. Chart 8.19 illustrates the ability of the MACD to identify with considerable reliability the conclusions of intermediate stock market declines. I, myself, know of no indicator that surpasses the MACD in this regard.

Chart 8.19. New York Stock Exchange Index: The February–March 1980 Stock ...
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Publisher Resources

ISBN: 0131479024Purchase book