A note from when I was just learning technical analysis: whenever I saw a MACD golden cross, I’d jump in; whenever I saw a death cross, I’d sell. In the end, I got burned again and again in a choppy market.
Now, when I look at this 4-hour death cross on $IDOL , the first thing I check is where it is: above the zero line. I take a death cross above the zero line to mean that the rally may be getting tired and could pull back—not that the move is over.
Do any of you have anything related in your portfolios?
Now, when I look at this 4-hour death cross on $IDOL , the first thing I check is where it is: above the zero line. I take a death cross above the zero line to mean that the rally may be getting tired and could pull back—not that the move is over.
Do any of you have anything related in your portfolios?