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ReturntoSender

08/07/11 2:31 PM

#9430 RE: ReturntoSender #9429

The SOX on Daily, Weekly and Monthly Charts

You may want to change your moving averages on longer term charts from 50 and 200 that you would use on a daily chart to a smaller duration. When you have a weekly chart you have weekly moving averages. A monthly chart has monthly moving averages. If you get the right duration you will often find that the correct moving average does indeed serve as support or resistance.