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In a message dated 97-04-24 02:42:41 EDT, you write:
>
>I am trying to use 3 different moving averages to trade. They are 5, 15, 40
>weeks. Can anyone share an opinion:
>
>1. how reliable mov avg are for trading
>2. how to make use of the 3 mov avg
>3. if the 15 week changes direction, does it mean anything?
>4. when do u buy a stock
>
>
>
Try the 5 day and 35 day MA !
If the 5 day is above the 35 day MA, it would be in a Bullish Trend.
If the 5 day is below the 35 day MA, it would be in a Bearish Trend.
The Crossovers would indicate a Buy OR Sell Signal.
As with any other indicator, they are best used in conjunction with other
indicators and of course, good fundamental & technical (and maybe 6th) sense.
Have Fun Trading,
SRR/arr
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