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................................................Technical Analysis Focused on Price Action Setups, Trade What You See, Follow Your Rules, Plan the Trade, Trade the Plan, Don't Force the Trade Concepts...Price Action Plus Momentum...©
Dave Johnson, CMT
- Dave Johnson
- David Johnson, CMT Investment professional for 40 years including analyst, portfolio manager, trader and trading instructor. Performing computer based technical analysis since 1990. Previously quantitative and fundamental analysis. Has trained more than 40,000 traders in over 250 events including two and four day training events. Email: chartsignals@yahoo.com
Blog Archive
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2008
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April
(44)
- April Starts With a Bang, Ends With a Whimper
- Two Hours To Fed
- Fed Announcement on Wednesday
- Market Neutral as Traders Wait for Fed
- Strong Support Bounce in Leading Stocks Amidst Mix...
- MSFT Leads Dow and Nasdaq Lower in Early Trading
- Markets Move Higher on Thursday
- Semiconductors Gain As BRCM Soars 16%, IPI Goes Pu...
- Oil Closes At All-Time High, Markets Pull Back
- DJIA - 24.34, -0.19% SP...
- 30 Minutes Before the Close
- Dow Closes Above Resistance
- Dow Breaking Resistance
- ALERT - Watch For a Resistance Breakout and Possib...
- GOOG, BIDU Jump Big in After Market Trading, Finan...
- Now That's a Continuation of the Support Bounce...
- A Support Bounce - INTC Moves Big In After Market ...
- DJIA - 23.36, -0.19% SP500 - 4.51, -0.34% NASDAQ C...
- Markets Break S1 Short Term Support Level In A Big...
- Markets Break Last Tuesday's S1 Support Level
- Welcome To A Trading Range
- AAPL Support Bounce
- Markets Rally
- Markets Move Below Daily Lows of the Last Five Days
- Stocks To Watch
- Indicies Breaking Below Daily Lows
- Indices Slightly Lower in Pre-market Trading - Sto...
- Five Days and Counting...
- Futures Down Before Markets Opens
- Still...Holding Near Resistance
- Markets Positioned for Potential Breakout
- Want To Understand Why Coming Soon...
- Market Still Holding at Resistance
- Markets Moving Above Tuesday's Highs
- Want To Better Understand Why?
- Indices Holding Above Support
- Jobs Report Worse Than Expected - Futures Up
- Markets Inch Higher In Front of Jobs Report
- Markets Holding Just Below Recent Highs
- Markets Exhale After Big Gains
- Markets Pause and Catch Their Breath
- No Foolin' All Day Long - A Huge Short Term Trend ...
- Still No Foolin' Around With 30 Minutes To Go
- No Foolin' - A Support Bounce As Markets Break Abo...
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April
(44)
2 comments:
Hi Dave,
Thanks for heads up. I usually pass on something like this when the MACD are rolling over so much and the price has already moved up significantly.
- Steve
You're welcome! Since the MACD is a lagging indicator and reacts to price,I have not found that to be an impediment to a technically sound short term support bounce. Ironically the MACD histogram was turning down on March 28 after AAPL had already risen $23...the falling MACD couldn't keep AAPL from rising $17 over the next 6 trading days. Whatever you do follow your rules!
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