You have mentioned previously that MACD can be a very strong
indicator, although it tends to lag behind slightly. Looking
at the MFI chart of 2001, MACD hit a low of -12, and the price
went on to almost double from there.
It has now hit that -12 level again, at a similar previous price.
How significant is this?, I know you shouldn't just look at one
indicator, but is it strong enough to indicate a possible similar
rise?.
(Ps. I see that GMG has hit a MACD of around -32. How significant is this?)
(PPs. You mentioned the huge decline of BLM, and I've just looked at that
chart, and see that MACD fell to a whopping -30,000, so I suppose the -12
I first mentioned, appears to be quite insignificant!! Have I answered my own question?)
