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Strategies & Market Trends : Longer-Term Market Trends

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To: Stoctrash who wrote (178)4/7/2008 11:47:34 PM
From: AllansAlias  Read Replies (1) of 3209
 
So, what does this chart tell us? I ask sincerely, not to provoke. Does it tell me what is in play here? Can it help me trade in/out of gold? Is there some important resistance/support I should be looking at?

Out of the gold low that is overlayed by your lower dark blue line, would the line have helped me get in, get out, stay in -- a gold trade?

Imho, and it is only mine, forks and MAs are fine when the trend is strong. By the time that the trend is so broken the the fork/MA no longer works, it's awfully late. For trading, and this is mostly what matters, we need tools to answer the questions:

1) Get in?
2) Stay in?
3) Get out?
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