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Re: George Clooney post# 42983

Sunday, 04/05/2015 12:48:30 AM

Sunday, April 05, 2015 12:48:30 AM

Post# of 63559
The 50dma is actually 50-period for whatever timeframe the chart is set for(so it would be the moving average of 50 30-min periods)

Sometimes it makes life easier to zoom in/out on the chart to explain something. The more zoomed in(5-min/15-min) you are, the shorter the outlook. So you would not use a 15-min chart to make predictions for weeks out.

The 30-/60-min thing was probably just for him to point out resistance/support points, I know Clay is fond of those.

I'm new here, usually just use StockTwits, but I hope that helped explain some for ya. Good luck.