(23-10-2021, 06:49 PM)singaporean1964 Wrote: his method actually works
1. use a 200day moving average on a chart
2. if uptrend(ma must be below price bars
3. use a macd histogram
4. wait for the macd mountain to become valley
5. buy at the valley
If works because we are in a bull market and many things work.
A simple breakout system works.
Buy in low RSI when stock above 50 day MA works.
Close your eyes to buy one of these uptrending stocks after a market correction also works - Propnex, Frenken, ..etc.
In a bull market you just need to make sure you participate.
After the bull market all these simple tactics are useless ....for the above market method you cited is just a simple long term trend it works because it gets you in eveytime there is a correction the market bounces up. This is same as "buying the dip".
The method fails when the bull market is over ...you buy on the dip and market goes lower.
It also fails when market becomes volatile you buy the dip, market goes lower forcing you to cut loss...then market reverses at a lower level
Making money during a bull market is a given so long as you stay in a stock that is participating in bull...