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3 Attachment(s)
simple charts
Something that I'll keep in mind going forward are the simple indicators. The 20/50 DMA cross occurred on 12/21/11, and I paid it no heed.
[ATTACH=CONFIG]12617[/ATTACH]
Also, IWM moved decisively above the 20 period moving average on the monthly chart recently:
[ATTACH=CONFIG]12618[/ATTACH]
Both of these indicators are very useful for long-only retirement-type accounts.
And lastly, we have an inverse H & S:
[ATTACH]12619[/ATTACH]
I would expect some consolidation. When the 10 DMA or 20 DMA catches up, one might enter.
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[QUOTE=nickola.pazderic;20295]Something that I'll keep in mind going forward are the simple indicators. The 20/50 DMA cross occurred on 12/21/11, and I paid it no heed.
[ATTACH=CONFIG]12617[/ATTACH]
Also, IWM moved decisively above the 20 period moving average on the monthly chart recently:
[ATTACH=CONFIG]12618[/ATTACH]
Both of these indicators are very useful for long-only retirement-type accounts.
And lastly, we have an inverse H & S:
[ATTACH]12619[/ATTACH]
I would expect some consolidation. When the 10 DMA or 20 DMA catches up, one might enter.[/QUOTE]
Hi Nickola,
Sorry to report but I have been folowing these type of simple indicators for 2 decades and they never added anything to my returns.
This game is not as easy as that IMHO.
Trev:O)
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no doubt
Hi Trev--
I respect your experience and am very glad you're in the robot trades, too.
I don't doubt that such indicators have their problems; but, I need to employ them because they have worked for me previously.
Moreover, I think I took the promise of the robots too literally and more or less stopped thinking about the investment environment. This condition is much more dangerous than a stubborn robot.
IMHO,
;)