We have not had a close below the Alligator teeth red line since September 2012 on the Weekly. With slowing momentum on the Awesome Oscillator on the monthly I am looking for this to happen as we enter the summer. There are other indicators I am looking at too. Primary trend bullish so long term if I get a close below the teeth on the weekly I will wait for an entry point to go long again..
Comments
paulyberndt
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Because price is above the Alligator blue line along with that line still showing positive momentum. The Awesome Oscillator has not crossed over the 0 line and is still bullish, just because it goes red does not mean the trend is over.. Both the Alligator and Awesome are lagging indicators but price is still showing bullish, until it takes out a previous swing low i am still bullish
A-shot
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AO seems to be headed lower in any case for now, so its not that it is progressing up at the moment. Like in April May 2011 it may still go down - it does look so much like that period now
A-shot
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I guess the low rate of return for summer is in tact, but why are you bullish?