Replies to post #124986 on DD Support Board and Research Team

[penknee]

Charts are just self fulfilling prophecies. They only work when enough people believe in them.

[e-ore]

Uncanny how actively traded things never get too far from their short term moving average. As long as the trend continues a chart similar to the one I posted shows buy and sell points for short term trading purposes. Early in the trend works better than later. Spending 2-3 days in a row under the moving average signals the trend may be at risk. Spikes well above the sma shouldn't be bought. A useful tool for me as a short term momentum trader