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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!
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To: F Robert Simms who wrote (5461)6/22/2000 11:47:00 AM
From: Patrick Slevin  Read Replies (1) of 7434
 
< 30/34 ema goes near flat >

I guess that must be a subjective issue. I just placed that up on a screen and I see that the 34 has been rolling back and forth from 90.73 to 97.75 since mid-day on the 15th.

Perhaps just as importantly, a clue may be found in the manner that the price moves off such averages. If you glance at the afternoon of the 19th the price was extended away from the 34ema, coming back early on the 20th.

Also too, the price has just nose-dived below the 200tma, and the 34 is approaching that level as well. Suggesting to me a plausible recovery into the afternoon.

I like the RSI to an extent. The MACD I have up and was playing with it for a few weeks, but I'm not partial to it. Perhaps I have just not stumbled onto the best parameters as yet.
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