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Trend qualifiers are a great weapon but they're more effective in short-shifted markets . Forex is suitable for it becuase takes longer to accumulate than any other market around, and it's cycles are short in comparrison to equities. As for intraday, it will give you many false signals. Unless you're a swing trader, I won't recomend their usage.
For market reversals, as many traders in this forum advice, try Pivot lines and S/R Levels.
I'll tel you why these levels are more effective on equities
Pit traders still put a lot of pressure on this market. It's better to follow their "collective state of mind" . A pit trader easily dumps millions of dollars in one trade at any given moment. Unless you have millions of dollars at your disposal to play with the market, I advice not to trade against them. Their weapon of choice: Pivot lines and S/R levels.
I suggest plot Pivot lines and S/R leves and just watch how the market react on these levels. Look for periods of consolidation and how the market fires back up/down from there. Supply and demand at it's finest. Depending on market conditions and the overall health, it wil either accept(and break) the price or reject( and bounce off) the price on these levels, more often than not. Usually after a period of consolidation.
Your job is to be prepared ahead of time on whatever the market will do. Or stay flat.
Spotting market reversals is something that takes time and practice. Just relax and observe the market from time to time without trading. You'll get the hang of it.
Regards
Raul