Quote:
Originally Posted by roberth
You are discussing the MACD (8,17.9) in the stochastic thread.  |
Um...I don't think so.
For example, in my book, on page 205, it says "one of these lines is called the ‘buy line,’ and the other is called the ‘sell line.’ When the buyline crosses and gets on top of the sell line (I inserted an upright triangle), the stochastic is signaling that the stock is going from oversold (too many sellers) to overbought....”