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Strategies & Market Trends : Charts for Bottom Breakout -- Ignore unavailable to you. Want to Upgrade?


To: David Jones who wrote (2568)6/20/1999 12:20:00 PM
From: Ed Huang  Respond to of 3105
 
I checked out DIMD MAs, it seems the 200-day MA is more
relevant than the 50-day MA and a 13-day MA seems
good for shorter term indication on this chart. Generally
speaking, once the price move above a relevant MA it could
continue to move higher. But there's no guarantee it will
happen that way. We still need to see how the particular
situation develops and study the other technical factors,
then make further judgement. If you're happy with shorter
term trading, you may not need to wait for the price
to go above 200 day average to profit from the trade. It
depends on the situation and your own approach.

Good trading.