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To: Gottfried who wrote (11529)1/7/2002 6:34:47 PM
From: chowder  Respond to of 23153
 
Gottfried, you're correct. I said it backwards. The 25 day moving average crossing over the 10 day average is bearish. It shows short term weakness.

Sorry for the misstatement.

dabum



To: Gottfried who wrote (11529)1/7/2002 8:41:34 PM
From: chowder  Read Replies (1) | Respond to of 23153
 
Gottfried, I found a good example of what I meant to say about the moving averages.

Take a look at this chart.

stockcharts.com[h,a]declyiay[d20011101,20011231][pb25!b10!b50!f][vc60][iut]

Notice how the price fell as the 10 day moving average fell below the 25 day moving average.

It's indicators like these that go unnoticed by many, indicators that can help make or break a successful trade. They're worth keeping an eye on, in my opinion.

Damn cold here, I'm wearing a jacket in the house. So much for the sunny south. How's your temperatures? Wish I was out in the San Diego desert right now.

dabum