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Technology Stocks : THQ,Inc. (THQI)

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To: Brian MacDonald who wrote (3045)	1/14/1998 11:26:00 AM
From: Sigmund	Read Replies (1) of 14266

I was told that some time ago Merrill Lynch did a study to see if there were different length of moving averages which had different predictive powers. They didn't find it. So I think this shows that the moving average is not a self-fulfilling prophecy. If it were, the study would have shown that certain moving averages are better predictors than others. There is not unanimity about which moving averages to use. 10 day 21 day, 25 day, 50 day, 100 day....there are advocates of many different moving averages. I agree that this could become a religion if enough people signed on but fortunately or unfortunately I don't that this religion has taken hold. This is a global market. In different currencies the moving averages will behave differently (I think). This may apply mainly to ADR's but it is one more reason to doubt that moving averages mean much. As a discipline tool I think it is useful. But as far as I know, people can't make money trading moving averages.

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