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To: CuttotheCore who wrote (1224)	5/20/1998 12:13:00 PM
From: shasta23	Respond to of 2233

Hi R. Just browsing through the thread. In Metastock with Q+ data the simple 50 MA in THQI is pointing down whereas the 50 EMA is slightly up to flat. Just wanted to throw that in... Stefan

To: CuttotheCore who wrote (1224)	5/20/1998 12:28:00 PM
From: peter n matzke	Respond to of 2233

my chart does show the slope of the 20 sma and the 50 sma to be negative. currently -3/16 levl 11 is relatively neutral MM ratio is 1@1 also neutral 60000 shares have traded as of this post my sto is positive and my MACD 8/17/9 is crossing positive in regards to the slope of the 20sma and 50sma, i noticed that by changing the scale(the number of days visible in the window) that it might appear that the slope was neutral or positive which is not the case on close examination. moving averages are inherently lagging indicators, although they are important its always a good idea to compare a few different indicators i hope i answered your question if i were daytrading thqi i would look for oportunities on the long side. i would not take a long term(anything other than a daytrade) position until some of the other indicators became more clear. regards peter ps there is an old rule of thumb that says when you drop below the 20sma the stock will not trade again above the 20sma until its float has traded. meaning that if a stock has 20 million in float it will not be able to maintain(any thing other than a day spike) a position above the 20sma until it trades 20 million shares(total volume added during a cumulative period of days). i'm sure that didn't help, but it is reasonably accurate

To: CuttotheCore who wrote (1224)	5/20/1998 12:58:00 PM
From: dunlurkin	Read Replies (1) \| Respond to of 2233

The simple 50 day moving average of thqi turned down on May 7.

To: CuttotheCore who wrote (1224)	5/20/1998 4:11:00 PM
From: peter n matzke	Read Replies (1) \| Respond to of 2233

one other item you might want to look at; open, high, low, or close can all be selected when you calculate your ma's....it usually will not make a huge difference, but it can be a visible amount

To: CuttotheCore who wrote (1224)	5/20/1998 5:11:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 2233

You recieved good answers on the MA question. They can differ for many reasons. There is nothing sacred about a 20, 50, etc MA. MSWIN gives you a choice of about 8 MAs with the capability to build more. They would all give different answers. an EMA because it still contains the first data points in its calulation depends on Data available for the computation. A number of things to muddy the waters. What do you do? First, you get as much data as available to you. Then you backtest tons of stocks to determine the effects of indicators, period lengths, etc. Prove to yourself, if selling on a 50MA downtrend, if the stock must trade its float if it goes below 20MA, etc. Try some of the old classic indicators, then try the new ones. What are you looking for? You want a system that fits you (need to know yourself) that you trust to buy and sell on its signals. It becomes relative what the software says to a degree,Then you close out the opinion of others. If you did your homework, you have a good system that works on many stocks at all points in its life cycle and fits your goals. You have chosen a real time program, now you have other choices to make. Will you trade off the RT charts or EOD? What periods will you use on a RT chart? Do the same EOD systems work on a 10 min chart? Only you will know after you do your additional homework. BTW the guru could have said that a 8EMA with a 7 horz lead is holding it back just as well.