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Technology Stocks : PWAV- the hot new IPO

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To: GMPetersen who wrote (856)	2/15/1998 6:46:00 PM
From: JRobinson	Read Replies (1) of 1491

You ask >>Using the Exponential seems to come close to $21. By using this setting the 200 day moving average seems to run much closer to the 50 day moving average. Is that the reason it is more accurate than the simple moving average?<< The reason an exponential MA is more accurate is that a simple MA shows the effect of one stock price twice...first when it is added and second when it drops off. It is like a watchdog that barks twice, first when the burglar is approaching and second when he is leaving. You don't know when to trust that dog. An exponential MA gives greater weight to the latest data and responds quicker than the simple MA (from Elder's book). May I suggest a couple books on TA? Trading for a Living by Dr. Alexander Elder Secrets to Profitting in Bull and Bear MArkets by Stan Weinstein The Visual Investor by John Murphy Elder's book is a bit expensive but you should be able to get it for under $50 from Amazon. com or Barnes and Noble. I'm sure you will agree it is the best money you ever invested in the market.

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