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Pastimes : ASK Vendit Off Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: brk who wrote (18914)	2/8/2001 2:56:28 PM
From: Walkingshadow	Respond to of 19374

Yes, or even the 15 minute chart: askresearch.com See how it trades persistently on one side or the other? This is true even of the hourly chart. This tells you that when a stock crosses the 200 period moving average, it is likely to keep trading on that side until the current trend reverses, and then it faces support/resistance at the pivotal 200 period MA. This tends to be particularly true as the slope of the moving average diverges from the slope of the candles, so you also like to see an uptrending stock trading above an uptrending moving average, as opposed to a horizontal or downsloping moving average. askresearch.com The 200 min ema is the intraday equivalent of the 200 day ema on the daily charts. For the vast majority of stocks, the 200 period moving average represents an area of powerful support or resistance, depending on whether the stock is uptrending or downtrending. A cross through the 200 period moving average should always be taken seriously---but in many cases you may also want to wait to see this confirmed with one test. WS