I have been playing around with different timeframes and date
ranges. This 60 Minute charts tends to come together at major
turns and the trigger is the MACD crossover after divergence.
THEN it does not matter what wave we are in, you can usually count
on a turn for a few days to a week or so.
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60 Min Chart
Posted by finam on 8th of Jul 2011 at 12:06 pm
http://stockcharts.com/h-sc/ui?s=$INDU&p=60&yr=0&mn=1&dy=10&id=p73477007410&a=232528905&listNum=7
I have been playing around with different timeframes and date ranges. This 60 Minute charts tends to come together at major turns and the trigger is the MACD crossover after divergence. THEN it does not matter what wave we are in, you can usually count on a turn for a few days to a week or so.