I prefer the exponential DMA since it's weighted more heavily with the more recent prices, but others would disagree... but, either way, I personally prefer the exponential myself... First... thanks for responding to my questions.
I liked the two charts that you posted. I've always used the regular 200d ma; I'll start using the 200d ema also. Thanks.
this doesn't mean that silver is going to collapse from here, just that we could begin to see more of a struggle for silver overhead... So... I guess that means, watch and wait.
Should one get more defensive at a 200 day moving average? Is this a place where many traders take profits?
my hunch is that silver will break above both of these 200 averages anyhow, the precious metals market is only beginning its bullish season and only reached the bottom of its 13 1/2 month cycle a few months ago... I really appreciate you sharing your evaluation and analysis. I will stay the course.
I read your posts every day, including your political posts. We have many similar political views. The very core of our wonderful country is being eroded by incompetent opportunists, like Obama, who are doing more damage and being more of a threat to America's future than our worst, islamic enemies!
And yet, you must keep in mind, I believe in the 50/50/90 rule... this means if I have a 50/50 chance of being right, then there's a 90% chance I'll be wrong... Thanks for posting your disclaimer! :)
I understand that your model increases your probabilities of being on the right side of a trade. It's like counting cards at blackjack. It doesn't guarantee you success, but increases the probabilities of success. I've followed you over the last several months and have witnessed how well your model works. Congratulations and keep up the good wealth, oppppps.... I mean work! :)
I still follow the "catch the knife", averaging down trading model. I wait for a sector (etf), that I like, that is out of favor, and average down. It works but it takes a lot of patience and anxiety, since it does not weigh heavily on technical indicators, or a proven model like yours. It's based on, whatever "sector" goes down will eventually go back up. It's worked for me, over the years, but I realize that I would have done much better following a model like yours, or better understanding and evaluating charts and technical indicators.
Thanks again! Good luck trading!
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