TA Charting Thread, page-150

What I've found to be fairly usefully over the longer time periods for decent trends is the macd on a weekly basis. As long as it stays up above the 0 line the longer the sp should go up. I'll try and post up three here now just showing how pbp and pnv have gone and I guess you could look at cyp too.
Even though there's been the odd sp drop below the moving averages 5, 10 and 20 periods the macd has stayed above the 0 line.





I'm guessing the CDX move is only early as evident in the weekly chart where the moving averages are only starting to cross up and the macd us only starting to cross up and above the 0 line. There will be consolidation and pullbacks so as they say, let your winners run and be patient