In my retirement account I use a combination of 3 of the
indicators from this section: Stochastic 60 Period/50%, Histogram
25/170/25, and the 13/34 EMA. Recently I was 2/3 invested
(before this melt-up today) using the Stochastic and 13/34.
The Histogram appears to be the safe one on buys (just like
MACD's are not as fast other indicators), keeping us out of the
fiscal cliff downturn but today it is confirming the buy signal
recently using the confirming candle method from Matt. All in
all, I'm pretty happy with using these 3.
I think the horizontal filter line (as Matt has it explained) is
the body of the candle (ie. close of that day in December), so
1446.79 is what I have.
This is also crucial as it marks the +- 7 point zone surrounding
what I believe to be a very important 1440 pivot zone area.
Needless to say, this last hour of trading will be important.
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In my retirement account I
FWIW...I think this chart (Matt came up with it I believe)
Posted by rikkwan on 2nd of Jan 2013 at 01:05 pm
In my retirement account I use a combination of 3 of the indicators from this section: Stochastic 60 Period/50%, Histogram 25/170/25, and the 13/34 EMA. Recently I was 2/3 invested (before this melt-up today) using the Stochastic and 13/34. The Histogram appears to be the safe one on buys (just like MACD's are not as fast other indicators), keeping us out of the fiscal cliff downturn but today it is confirming the buy signal recently using the confirming candle method from Matt. All in all, I'm pretty happy with using these 3.
histogram method needs to have
Posted by kalinm on 2nd of Jan 2013 at 02:02 pm
histogram method needs to have $SPX close above 1448? I like the power and simplicity of this chart, just want to make sure I use it correctly.
yes that's how I'm reading
Posted by rikkwan on 2nd of Jan 2013 at 02:07 pm
yes that's how I'm reading it- Dec 18 is when it went positive at 1448
so it needs to close above that 1448 for the confirming candle
Posted by rikkwan on 2nd of Jan 2013 at 02:28 pm
I think the horizontal filter
Posted by kalinm on 2nd of Jan 2013 at 03:02 pm
I think the horizontal filter line (as Matt has it explained) is the body of the candle (ie. close of that day in December), so 1446.79 is what I have.
This is also crucial as it marks the +- 7 point zone surrounding what I believe to be a very important 1440 pivot zone area. Needless to say, this last hour of trading will be important.