I posted on this earlier and yes one more component today will
turn the system (we currently have 8 and need 9) but the prices on
the website are correct. The mistake in your calculations is
that your looking back the last 5 (or 8) days but your forgetting
to factor in today's trading so you have to drop one of those 30's
and bring in another 26.6667. This would take the calculation
to 140.01 and thus 28.00002 or 28 which the website is rounding
to. I am assuming the same edit will fix your 8 day calc, but
again we agree on the one more competent factor.
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moving averages for $BPGDM
Posted by 8899 on 30th of Sep 2011 at 12:49 pm
according to my calculations i get the following for the 5 dma:
(30+30+30+26.66+26.66)/5 = 143.33/5 = 28.666666...
and it's listed @ 28.00 on your website today
similarly for the 8 dma:
(73.33+73.33+46.66+143.33)/8 = 336.666/8 = 42.083333...
and it's listed @ 36.25 on your website today(i used 143.33 as last 5 days + 3 prior days to that) in above calculation...
one more stock turns positive today and we get a buy in gdx according to my calculations...
8899, I posted on this earlier
Posted by tom on 30th of Sep 2011 at 01:26 pm
8899,
I posted on this earlier and yes one more component today will turn the system (we currently have 8 and need 9) but the prices on the website are correct. The mistake in your calculations is that your looking back the last 5 (or 8) days but your forgetting to factor in today's trading so you have to drop one of those 30's and bring in another 26.6667. This would take the calculation to 140.01 and thus 28.00002 or 28 which the website is rounding to. I am assuming the same edit will fix your 8 day calc, but again we agree on the one more competent factor.