Dear bb;
Neat charting capability on the metastock; I particularly like the trend line feature. However, I was unable to add both the 20 and 200 day MA's. The chart would revert back to "1" if I tried to use more than one MA. What am I doing wrong?
I subscribe to "Investors Alliance" which uses a similar charting capability but no trendlines. I can however utilize many technical indicators on the same chart. I plot 23, 50 and 200 day MA's and use them as short, intermediate, and long term indicators. I also have a lot of faith in the "moving average convergence divergence" (MACD) indicator as verification for longer term signals.
Re XAU, if we do enter a period of weakness, a retreat back to the 200 day line may be in the cards; if so, then a very significant buying opportunity will be at hand, as the resulting thrust up from it may be our long awaited blast off! The thing is to watch very carefully on the day(s) approaching, a turnaround toward UP could occur anytime. If we do not retrench, then any break above the previous high will likely be strong also.
Always enjoy your comments, but will be unable to respond as often from now on as am working on basement of the Mtn Bear's Lair.
Best Regards; Mtn Bear |
