The 20 day is NOT the last support but it should be held in this
instance for the current uptrend to continue. It has NEVER
been stated as the LAST support so please review the updates.
The 20 day MA should be viewed simply as a guide to the short
term trend.
My bad, you said it much better. Would it be proper to say
that
MA(20) defines the short-term trend, MA(50) defines the
intermediate-term trend and MA(200) defines the long-term trend? (A
"golden" cross then ensures that both inter-mediate and long-term
trends are either confirmed bullish or confirmed bearish, for
example.)
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The 20 day is NOT
Shorting CAAS
Posted by steve on 14th of Jan 2010 at 11:26 pm
The 20 day is NOT the last support but it should be held in this instance for the current uptrend to continue. It has NEVER been stated as the LAST support so please review the updates. The 20 day MA should be viewed simply as a guide to the short term trend.
My bad, you said it
Posted by junkie on 15th of Jan 2010 at 02:49 am
My bad, you said it much better. Would it be proper to say that
MA(20) defines the short-term trend, MA(50) defines the intermediate-term trend and MA(200) defines the long-term trend? (A "golden" cross then ensures that both inter-mediate and long-term trends are either confirmed bullish or confirmed bearish, for example.)