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To: Investor2 who wrote (873)6/11/1998 11:08:00 PM
From: Barry Hightower  Read Replies (1) | Respond to of 1471
 
Investor2 First do you have chart software? If so then do the following -
Simple Moving average 21 days(I prefer) use only closing prices
then
do another Simple moving Average 60 days (My preference only).

What do you see? with the prices? with the Moving average lines?

Look closely at where the prices fell below the 21 day MA at this point what would you do? WATCH (yes good answer) however at the same time the prices fell below the 60 MA if you had positions you would consider closing (i personally would close, depending on my entry) but then the next response is an upward movement above the 21 day MA and the 60 day MA (when this happens you are looking at an upward thrust, hopefully, nothing in T/A is always for sure).

Questions?

I hope this helps a little.
Barry