Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: AllansAlias who wrote (182)	4/8/2008 12:18:12 AM
From: Galirayo	Read Replies (2) of 3209

I've used the 144 and the 13ema for many many years. They work extremely well as support and R and Convert easily to Weekly for the same S & R Factors. If you pull up the HUI today you'll see it found R on the 13ema .. yet support remains on the 144ma. I also use other Fibonacci Moving Averages. Especially the 89. All of the Favorite Indices are at Resistance on the 89DMA Tonite and have been on R for 2 days or more now. Or the Exponential Version of the Fib MAs. Plug some in a Look. stockcharts.com stockcharts.com stockcharts.com stockcharts.com The Handle is made up of the Triangle and it's already broken out and is in a channel now. img211.imageshack.us It's a Hold as long as it remains in the channel or a buy near near the 89 or 144 area with stops there as well. I consider this Trending Well.

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