I love moving averages
hey, i like moving averages, too. the question is, which to pay attention to? a 5-second moving average is meaningful for about 5 seconds. obviously that's a bit hyperbolic, but in my own case, i don't like to cut 'em too short. i don't daytrade, just try to find one or two sectors that can maintain a primary bull trend in a secular bear. so i don't sweat the small stuff.
also, i believe in diversification. within sectors and across sectors. one thing is up, another is down. energy down a few days but gold way up. everything down a few days but shorts profit. hard to call 'em right every day, but hopefully things even out in the end, is the way i look at it.
as for moving averages, i say the longer the better. and how's about this for long: as Russell mentioned in his letter today, NEM has just crossed its 200-MONTH moving average to the upside. |
