Friday, May 15, 2020 9:28:49 PM
I did use 140 sometimes but for other reasons. The difference between 144 and 140 is microscopic. I would still stick to 140 instead of 144.
But the use I get is really really minute, too minute to count. I use it sometimes to see cross charts but really nearly useless. Usually I just take it off the chart to not clutter.
But I could say that price does have a tendency to stop corrections on it, it's just that I have other things that do it and do it better - like Support and resistance levels which doesn't give a sh of any EMA or indicator.
Bending is a good TA indication.
But why not show and tell - look here and now just how SO LITTLE useful this 144 actually is -> on May 13 SPY crossed the E144 down like it didn't even exist. Then remained under it with further selling. The 144 bend downwards. IT DID NOT MATTER NOT EVEN A LITTLE. Same day (May 14) SPY crossed the 144 AGAIN like it didn't exist, completely ignoring that it was bent down now, crossing it upward, and today SPY remained ABOVE it (while 144 is either slightly down or flat).
I find 100 far more useful than 140 or 144, even tho sometimes price crosses 100 to reach for 144
I recommend using both 100 on a chart (EMA and SMA), although I kicked many averages off my chart to simplify and be able to see the chart and only use one 100 (it's debatable which one is better, both is better.., I just had to just take one and go down the river with just one 100 paddle..).
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