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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (23913)	6/17/2003 8:09:04 PM
From: chowder	Respond to of 206191

Darfot, I agree with you. Cutting moving averages short is a recipe for failure. I like to use the 20 and 30 day exponential moving averages. Above them is bullish, below is bearish. Very simple strategy. When below these moving averages, you sell resistance. Above them, you buy support. It isn't fool proof but it does keep you on the right side of the trend, which in essence provides a high probability trade. 200 months? yeah, that's long! <lol> It should provide good support on any pull back though. dabum