Check your charts for details on where we land. The Boys are pros. No one will say SELL including Cramer. The exodus is deceptive. SPY cliff.
%%Check your charts for details on where we land. The Boys are pros. No one will say SELL including Cramer. The exodus is deceptive. SPY cliff.
Do you find that the 50 day moving average is a good substitute for the 55 day high when entering a breakout?%%
50 day moving average is $233.07, on SPY, Phil. It sure could go below + has;+ looks like its going up. Regardless of what direction its goes, main 50 day, 200 day trend is uptrendingbull market; but TGT, RL are in down-trending bear markets, 1, 2,3, 4, 5 years of downtrends. NOT a prediction; wisdom is profitable to direct.
%%Do you find that the 50 day moving average is a good substitute for the 55 day high when entering a breakout?
What I meant was if you thought that the 50 day MA was a good proxy for the Turtles 55 day high breakout rule.%%
I have used 50 +55dma........; both of which maybe better than WSJ 65 dma, which is too little, to late -LOL-LOL. To put it simple,B1S2,I like 50 dma for many reasons that include IBD likes, newspapers publish 50 dma. In other words, even though its late in the season, of OCT,NOV, DEC, JAN, MAR, APRL[Stock Traders Almanac Book]]; i like 50 day ema ,its faster than 50 day simple moving average[slower moving average] But many funds+ elephants like, the 50 day[slower] simple moving average.......
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I have used 50 +55dma........; both of which maybe better than WSJ 65 dma, which is too little, to late -LOL-LOL. To put it simple,B1S2,I like 50 dma for many reasons that include IBD likes, newspapers publish 50 dma. In other words, even though its late in the season, of OCT,NOV, DEC, JAN, MAR, APRL[Stock Traders Almanac Book]]; i like 50 day ema ,its faster than 50 day simple moving average[slower moving average] But many funds+ elephants like, the 50 day[slower] simple moving average.......
%%What I meant was if you thought that the 50 day MA was a good proxy for the Turtles 55 day high breakout rule.