Replies to post #279738 on Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

M/A crosses are pretty worthless, IMO. They are trailing indicators. Simple trendlines tell far more than M/A crosses.

Go back about 20-years and you'll see that often times the crosses cited by so many happen at or near pivot points, but in the opposite pivot of the direction indicated by those how follow the M/A crosses (I/E A cross down occurs near a major market low).