Husk * I appreciated your comments at the end of your post. Well said. Interestingly, I had just added the 5dayEMA to my technical indicators chart about two days ago based on an article I ran across on Robert Colby's web site. Somebody had given a link to him some time ago concerning one of his daily market comments.
In his article (part of his book) he says the 2 day is the most profitable EMA cross over system to use, but proposes the 5 day be used. I would assume to cut down on the number of trades, but with little loss of return, he doesn't say why.
For intermediate trading he says 44 days is the best. For periods of 100days or more, 120 is the best and for periods of 150days or more, 171 is the best.
I have MetaStock so I am going to do some back test when I get a chance.
Just doing a simple chart review, it is clear that using the 5dayEMA along with other technical indicators helps to avoid whipsaws to keep the good trades going
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