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

To: Chip McVickar who wrote (1728)5/11/2001 12:47:42 PM
From: j42231  Read Replies (1) | Respond to of 8150
 
Hi Chip,
I agree with you that MA's are looking at the 'rear-view mirror. However I am fascinated by their construction and what they can reveal--and often like to combine different kinds on a chart.

What I meant by seeing 'forward' was that in a simple MA--each day the oldest unit number is dropped off when you add in the newest unit. By second differential--I am simply isolating the value of that number (the change from the prior unit) and comparing it to the new value being added in. In the beginning of a strong move--the rate of change in price is greatest. As momentum fades--unless price can keep up or accelerate--the MA will eventually turn. The SMA is most useful in trends; whereas the exponential MA because it ocsillates above and below the zeroline and, by definition, turns when price crosses it is more useful in trading ranges.

I think comparing the number in the MA that is going to be dropped off to the new number being added in is what DW means by 'offsets'--and that has some predictive implications for the MA itself.

Am I on the right track?

Joanne



To: Chip McVickar who wrote (1728)5/11/2001 2:10:57 PM
From: PAUL ROBERTSON  Read Replies (1) | Respond to of 8150
 
Chip, i think you be right. The US economy did not need to hear what it heard this am. With its dollar as high as it is, the economy needs nothing but ease from here on in. Stats such as this am's only delay the fed, making them question their moves. So down we go so as in order to scare the pants off those fed members again but more importantly to fills those much lower gaps left behind.


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