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Gold/Mining/Energy : Copper Fox
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From: louel5/22/2016 12:31:42 AM
   of 10654
 
Sorry I should have proof read before posting The word should have been "previous"
"They are used to confirm price action because most are derived from the precious price action

And here it should have read.
Each time the retail crowd would jump in pushing price up, big money curtailed purchases dropping price again till they finished accumulating.

The wife was urging me to get off the computer as we were expected at a meeting.

As for moving averages I mainly use 21, 50 and the 200. However price does not always abide solely abide by these. Some stocks have their own personality running closer to the 30 , 65, 100 or other averages. If so I search for averages which on historic basis have consistently offered support and resistance levels in the stock I am working with.

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