Matt & Steve could do that, but I think a good pair of
moving averages on an index can do that just as well. If your 20
dma is pointing down, then the short-term trend is down. But if the
50 dma is up, then the longer-term trend is up. Since the April-May
period, the 50 dma has been up the whole time, while the 20 dma has
only been down for 2 weeks back in July. Otherwise it's been up the
whole time too. That's pretty good trend predicting in my
book!
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Matt & Steve could do
Your statement
Posted by user32 on 29th of Nov 2009 at 11:49 pm
Matt & Steve could do that, but I think a good pair of moving averages on an index can do that just as well. If your 20 dma is pointing down, then the short-term trend is down. But if the 50 dma is up, then the longer-term trend is up. Since the April-May period, the 50 dma has been up the whole time, while the 20 dma has only been down for 2 weeks back in July. Otherwise it's been up the whole time too. That's pretty good trend predicting in my book!