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Non-Tech : The Woodshed

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To: benwood who wrote (60158)10/28/2020 11:58:26 AM
From: stuffbug1 Recommendation

Recommended By
ggersh

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Sounds similar to curve fitting - try different moving averages until one works.
Here's a better technique - all corrections have ended with a fresh 3 month low, usually not by much.

3 month low in mid March: $1465
Correction Low: $1451

3 month low now: $1851 (Sept 24th)

above prices are from continuous futures contract

Coincidentally, the 3 month low is currently near the 140 day ma.
140 day ma works most of the time due to the price lag of the average (up to 70 days / 3.3 months)
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