Buy the Dip Indicator was mentioned in David’s 4/18 video. I understand the concept, but have never had it put in technical analysis terms, which I am just learning. From what I understood (this came up looking at the Dow chart that has just broke above the resistance trend line), this is an OK signal based on intermediate line above 50 and oversold momentum line below 20. ideally the intermediate should be above 80 and near term should be below 50, but where should the momentum line be? Should this still be below 20? Did I understand the correct indicators for buying the dip as stated above? Thanks!
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