Tuesday, January 20, 2015

The lagging indicator MACD told you to sell the S&P 500 in January 2008, and buy it in August 2009

Three months after the 2007 top, and five months after the 2009 bottom. That's how lagging indicators work: better on the front end and poorer on the back end.

But hey! Close counts in grenades and horseshoes.