Metastock 6.0 for Window Message Board

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Strategies & Market Trends : Metastock 6.0 for Window

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To: Dick Brown who wrote (967)	10/14/1997 8:48:00 AM
From: Chandler H. Everett	of 4056

Dick............re: Elder's use of the 22 day EMA........I am finding in the work I am doing for my mutual fund client that the 21 day SMA is becoming more and more of a trend-determiner. I have all these Trend templates in my MSWIN, but they coincide with a simple cross or support from the 21 SMA so closely that I believe it supports what I've been saying all along, ie....that TA is as much the following of those indicators followed by the majority of big-money traders as it is a science of momentum and trend. I have the 21 day SMA in because it supports my Bollinger Band work, but I may try the other just to see how it looks. BW Chan

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