I will be going over the importance of the 5 period MA and showing you, visually, how important this average is. Then I will go over Offsetting Moving Averages and how they can help in intraday techniques.
For now, look at the attachment and see how the Sept lows kept snapping back to the 5MA. Notice the volatility. Also, notice when the 5 is violated to the upside how the qqq's obey the 5MA and ride it up.
The attachment is a Daily chart of the qqq's with a 5,20,40MA's and bollinger bands (don't worry about this yet).
Just observe the 5MA and I will see you tomorrow.