Correct trend lines

Discussion in 'Technical Analysis' started by shortskirt, Feb 14, 2014.

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    Mr Shorts-K;
    Well since there are many correct ways to draw/record a trend line, 4 follow;
    50 day moving average, 200dma, 50 period ma, 200 period ma, they're, fine ,,your lines are fine .....:D

    Generally speaking, long story short;
    middle of channel is a fine place to get long, in get strong UPtrend,,SPY for an educational example., now .

    BUT with it being so late in year;
    so late in quarter, sell in MAY + go away. I can find better uptrends than OLD , SPY-UP=trend. SPY may get more old, more extended.NOT a prediction,;NOR is SPY now even a good example of a HI probability Up trend,.Many turtles may make loads of money on LOW probability trades/investments.

    Wisdom is profitable to direct ; good question.
     
    #21     May 7, 2014