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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?

To: j42231 who wrote (1725)	5/11/2001 11:34:33 AM
From: Chip McVickar	Read Replies (2) \| Respond to of 8150

Hi Joanne, >>The simple moving average is really a mini rate of change.<< I agree..! But....! Moving averages, simple or exponential, are not really forward looking....they use old data and look at the market in the rear view mirror. You cannot tell where a boats going by looking at it's wake. In the same way you cannot trade moving averages confidently, there telling you what's happened. I believe this is why so much attention is paid to Fibbs and price/time projections. So I don't understand this next line. >>If you look back at the second differentials (the daily change in the SMA) you will see forward :) << What "second differentials" are you looking at...? I believe DWa is looking at these offsets as "gaps" like in market price gaps that need to be filled. I could be wrong in this...! Chip