Thursday, April 19, 2007

Re: the gift that keeps on giving


Hiya Loki,

Nice recap on two great trades!

I think someone in chat today asked about the 10/60 cross on MDII. Here's a chart on the cross. I have posted before that the cross is not significant by itself. HAS TO HAVE volume and price upping.

I won't even comment on the 10/60 sell cross. If using a trailing stop as Muddy and Loki do, you would have been out way before that cross down.

2 comments:

tulanch said...

just prior to the cross, looking at the candles, do you think the doji candles are important? I think they attempt to signifiy a change in direction (buyer/sellering motivation) - just wondering if that is yet another positive indication

tulanch

Muddy said...

imo,the doji candles are very important as the bigger quick runners often seem to have them on the 5 minute chart more often then not.