Amtek Engineering - Metastock 11 MACD Expert System Chart and Commentary Review

MACD Buy Setup Alert has been triggered. The MACD Expert System is one of the many expert systems that is provided by Metastock 11 End of Day Version. 

Metastock 11 includes 5 NEW Name Brand Systems.

These systems are industry standards and could easily sell as separate MetaStock Plug-Ins. You get them free as part of MetaStock 11. They include:


Stochastic Pops Expert Advisor - combining a weekly Stochastics Oscillator for trend with a daily Stochastics for signals, this system avoids many of the whipsaw trades common to systems using just daily Stochastics.

Conners RSI Expert Advisor - based on formulas presented by Larry Conners and Ashton Dorkins, a 2-period RSI at extreme highs or lows is used for long and short entry signals.

Darvas Box - using extreme high and low conditions to form dynamic support and resistance levels, which are captured in the form of a "box," this system is great for uptrend breakout trading.

Turtle Trader® (Hybrid) - based on the well-known and widely published Turtle System, this system generates buy signals when the price moves above the highest high of the last 20 days. Short signals are generated when the price moves below the lowest low of the last 20 days. Positions are closed when prices reach the extremes of the previous 10 days.

SPYDER Carpe Diem - designed to forecast a single days movement of the S&P's 500 Depository Receipts (SPYDER), this system is based on a four-bar pattern that has shown predictive ability.

One month free trial for  Metastock 11 available at http://www.metastock.com/tacttrial

Equis Metastock 11 MACD Expert System Exploration for Potential Buy Setups

 Metastock 11  MACD Buy Signal Exploration

This exploration shows securities that have produced a classic MACD "buy" signal (i.e., when the MACD rises above its signal line).

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Hyflux Retesting Gap Support

Gap support breakdown will probably see a drop towards $1.35 support zone. Stay alert and be nimble. Rebound will most likely meet resistance at $1.585 high formed on 22nd Feb 2012. Expect more range trading if price remains within $1.585 to $1.43 band.

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DJIA to Fall 4,000 Points in 2012, Granville Says

Jan. 23 (Bloomberg) -- Joseph Granville, a technical analyst who has been publishing the Granville Market Letter from Kansas City, Missouri, for more than 40 years, talks about the outlook for the U.S. stock market. He speaks with Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Watch video at http://www.bloomberg.com/video/84758540/

Joseph Granville - On-balance volume

On-balance volume (OBV) is a technical analysis indicator intended to relate price and volume in the stock market. OBV is based on a cumulative total volume.

Total volume for each day is assigned a positive or negative value depending on prices being higher or lower that day. A higher close results in the volume for that day to get a positive value, while a lower close results in negative value. So, when prices are going up, OBV should be going up too, and when prices make a new rally high, then OBV should too. If OBV fails to go past its previous rally high, then this is a negative divergence, suggesting a weak move.

The technique, originally called "cumulative volume" by Woods and Vignolia, was later named in 1946, "on-balance volume" by Joseph Granville who popularized the technique in his 1963 book Granville's New Key to Stock Market Profits[1]. The index can be applied to stocks individually based upon their daily up or down close, or to the market as a whole, using breadth of market data, i.e. the advance/decline ratio.

OBV is generally used to confirm price moves.[4] The idea is that volume is higher on days where the price move is in the dominant direction, for example in a strong uptrend more volume on up days than down days.

Info Source http://en.wikipedia.org/wiki/On-balance_volume

Gold Spot XAUUSD Cross Channels Analysis

September 2011 was an exciting and an interesting month for gold trading. All time high was established at 1921.14 on 6th September 2011. The formation of this second peak heralded a potential double top chart pattern which was confirmed when the support at 1703.13 broke on 23rd September 2011. As swiftly as the double top confirmation was proclaimed a new trough was formed the next trading day 26th September 2011 at 1532.80 at the violet support zone as indicated on the chart.

The seed of a new potential upswing was thus planted at the tail pivot of the giant hammer candlestick bar. The struggle to advance was met with strong resistance at the red channel zone and the testing of the violet support channel has proven that a break below the violet channel will signal a potential major fall in gold price.

As the Eurozone crisis persists gold regained its upswing momentum and emerged above the red channel zone into the green double top support channel area. A successful challenge above this green channel will see imminent resistance at the blue channel region. A Golden Christmas and Glittering New Year awaits only if a strong upthrust decimate the bears stationed here.

A retest of 1921.14 all time high is back in play if the blue bears are defeated. 2012 will then see gold price approaching the brown upper channel at 2000 and above.

Conversely, if the current support at the green channel gives way a retreat downwards back to the red channel is expected. Strong support can be found at the violet channel region. A breakdown from this strong support area will plummet gold price towards 1500 and below.