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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (8271)	3/14/2006 8:12:13 AM
From: CommanderCricket	Read Replies (1) \| Respond to of 13449

dabum, "I would expect a rising 20 week moving average to provide price support." - PBR Why though? I would too but have read from you that professional traders don't use moving averages. Shouldn't we be looking for the pivot point for the change in trend before deciding to short or go long? Looking at the daily shows a cross over of money flow and support near the 50dma. This doesn't look like a place to short PBR even longer term. Not trying to be difficult but in most cases, I've been weaning myself off using moving averages and thought you were too. TIA - Michael