March 2005
Intermediate to advanced
264 pages
6h 55m
English
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.
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