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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (25603)8/29/1998 1:53:00 PM
From: Joseph G.  Read Replies (1) | Respond to of 94695
 
Bill, in Re: DMAs. From my experiece, for most large cap stocks or broad indexes, it's best to rely on either:
(i) 200 DMA - calendar days - this is what is used by chart books and newspapers, so has an impact on masses;
(ii) about 160 DMA for trading days;
(iii) 30 WMA;
all give pretty equivalent signals.

I would also point out that, in my book, the Dow Theory bear market sell signal occured at Thursday close.