From what I can tell, it looks like the Aroon would re-cross
(bullish) immediately if the SPX hits a new high over
1101.36. If it doesn't do that, it would re-cross
(bullish) in about 2 weeks, unless the SPX hits a low
under 1029.38 first. Just a heads-up.
Nice that it went below zero, that's something to note for
sure.
but as far as well spotted? as far as I know, I'm the only
one who uses that 180 setting, I came up with that setting on my
own.
But of course, the 180 setting basically corresponds to the 25
standard setting on the daily chart, so yes people who use Aroon
would see it, though I don't think the Aroon is a very common
indicator that everyone watches, not like Stochasticsk, MACD, and
that H&S pattern back in July.
let's see how it closes.
Steve's point is
something to note, on the fan chart, when the broken
trendlines are back tested, generally you get a pullback and then
another move up
Nice chart - have you noticed on that chart that there is
usually a backtest then a pullback followed by another move up that
creates divergence? This would be the initial test.
However, the Aroon signal is certainly something to note
since this did NOT occur previously.
Aroon oscillator broke through the
Posted by Palladin on 10th of Nov 2009 at 09:43 am
Aroon oscillator broke through the zero line in the 60 min. fan chart
Aroon oscillator
Posted by parki48 on 10th of Nov 2009 at 02:11 pm
but look at the dollar, it cant gain anystrength so l wonder if the aroon will work on this occasion
Well Spotted..
Posted by saturn6 on 10th of Nov 2009 at 09:49 am
aroon link for rookies like me :-)
Posted by biketastic on 10th of Nov 2009 at 10:28 am
I know that it's important, so I Googled it
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:aroon
Title: Aroon caution From what I
Posted by twins on 10th of Nov 2009 at 11:20 am
From what I can tell, it looks like the Aroon would re-cross (bullish) immediately if the SPX hits a new high over 1101.36. If it doesn't do that, it would re-cross (bullish) in about 2 weeks, unless the SPX hits a low under 1029.38 first. Just a heads-up.
Bob
Aroon also crossed zero on the daily SPX
Posted by kalinm on 10th of Nov 2009 at 10:13 am
wow that's cool
Posted by matt on 10th of Nov 2009 at 10:04 am
Nice that it went below zero, that's something to note for sure.
but as far as well spotted? as far as I know, I'm the only one who uses that 180 setting, I came up with that setting on my own.
But of course, the 180 setting basically corresponds to the 25 standard setting on the daily chart, so yes people who use Aroon would see it, though I don't think the Aroon is a very common indicator that everyone watches, not like Stochasticsk, MACD, and that H&S pattern back in July.
let's see how it closes.
Steve's point is something to note, on the fan chart, when the broken trendlines are back tested, generally you get a pullback and then another move up
Nice chart - have you
Posted by steve on 10th of Nov 2009 at 10:02 am
Nice chart - have you noticed on that chart that there is usually a backtest then a pullback followed by another move up that creates divergence? This would be the initial test. However, the Aroon signal is certainly something to note since this did NOT occur previously.
See the pink annotations on the chart.
is that real?
Posted by perthx on 10th of Nov 2009 at 09:47 am
Does it need an hour or two to confirm?