October 14, 2018

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‘October Effect’
October effect is a theory that stocks tend to decline during the month of October. See chart, at least the index has been declined from the start of October.

Moses Stock Stories

^IXIC  NASDAQ Composite Index Charting

Study NASDAQ Composite index, see price action picture worth a thousand words.  Now the price action is now lower to test May low. Add MACD indicator, see chart. 

See chart, for the “October Effect”, the price action has declined from 8100 level to 7300 level and has a slight rebounce. Will the decline continue, will see as now only at the mid of October.

If you are H M Gartley enthusiast, you will probably trading very well. As you could identify many H M Gartley 222 pattern.

Trade with your eyes open. 

Manage Your Risk! 

October 12, 2018 NASDAQ Composite Index and October Effect

If you can see the whole chart, “press Ctrl and -” to zoom out to see the entire chart. 

Add MACD indicator, see chart.

October 12, 2018 NASDAQ Composite Index and MACD

Moses

AmiBrokerAcademy.com

Disclaimer

The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.

These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.

Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.