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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: JZGalt who wrote (5226)	7/30/1998 5:13:00 PM
From: OldAIMGuy	of 18928

Hi Dave, Jack's done some very interesting work. Yes, an exponential moving average is a nice barometer for making efficient use of our AIM trades. Normally on a longer EMA, we'll find that AIM almost always trades on the proper side of that average. However, there are times when rapid, large price changes will actually drop the opposed trade to the wrong side of the EMA. Under such circumstances, I'll use the visual clue from my graphs to keep the rebound trade where it still looks "pretty" on the graph. I've even temporarily changed the opposed trade's SAFE or Resistance to prevent such trades from occurring. Both Jack and Bob Norman's Newport use about a half year for the EMA. Newport calculates it based upon weekly data (26 weeks) while Jack's uses about the equal in work days. Best regards, Tom

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