Tuesday, September 15, 2009

TREND IS THY FRIEND


There are all kinds of trend, short term, intermediate and long term. Some things kept simple may be helpful in allowing you to disengage from the news and noise.
I like the 20 EMA avg and you can see here except one stint sideways it has been rising, which obviously means price is rising.
When the 20 flattens out you see that's where the small correction crept in....so I add the 5 MEA, when it crossed back up last time (blue arrow) they both rose and so did price.
ALL I can say here is, for now all looks pretty good from a long standpoint....cannot ever predict an EVENT....out of the blue or news event.....
If price declines enough the 20 will turn down (the 5 will cross down thru it.....) and price will correct until that is reversed........been awhile.....
D

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