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JLS

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JLS

Re: TREND1 post# 25

Monday, 08/31/2009 5:34:26 PM

Monday, August 31, 2009 5:34:26 PM

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TREND1,

I have to disagree with your conclusions.

You wrote "Right now RED > GREEN is saying cycle of price is UP."

Notice that I underlined the phrase right now and also the word is. None of those moving averages exist right now, so there is no is. Instead, it's all about was. The last time RED > GREEN was 34 periods ago. We do not know what the relationship between RED and GREEN is now, because neither of those lines exist now. Furthermore, we wont know what that relationship is today until after 34 more periods into the future. How is waiting another 34 periods (in order to determine the true relationship between RED and GREEN today) going to help anyone make a decision now?
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