SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?


To: skinowski who wrote (6656)5/18/2008 3:16:35 PM
From: Galirayo  Read Replies (1) | Respond to of 41437
 
>>I am a big believer in the "Big Mack" indicator.<<

Me too .. but I think the Double Cheeseburger Dollar Menu Indicator is more in Vogue now. ;)

>>Very likely, prices will try getting back in line with reality.<<

I'm a big believer in Standard Deviation and the Return to the Mean. From my observations .. That's why when price deviates too far from the 13ema in an uptrend .. it pauses .. forms a pennant or consolidation formation .. and waits for the 13ema to catch up to price or .. Breaks and goes back to test the 13 sometimes breaking thru on the downside. Strength of the Trend or price movement is portrayed by which Fibo EMA or MA it's Testing during a move. Kinda like a Gann Line only with Fluid Moving Averages .. vs Static Lines. Substitute any Fib MA to help determine the Strength of Trend.

Finding Support on a 34WMA .. the Trend is usually very strong.