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Post by jacksrbtr on Dec 11, 2012 20:03:33 GMT -5
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Post by maxi on Dec 11, 2012 20:07:34 GMT -5
A little explanation? What is this "sweet spot" U used the term the other day too....
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Post by jacksrbtr on Dec 11, 2012 20:14:50 GMT -5
A little explanation? What is this "sweet spot" U used the term the other day too.... Just means a possible target area to buy for a swing long |
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Post by maxi on Dec 11, 2012 20:16:34 GMT -5
A little explanation? What is this "sweet spot" U used the term the other day too.... Just means a possible target area to buy for a swing long Because it is the 200 dma? You could be waiting a very long time for that. Altho that would be the safe play... But if we keep going up that 200dma will move up as well... |
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Post by jacksrbtr on Dec 11, 2012 20:17:51 GMT -5
Redraw what lines pls? And don't understand the stagnant comment.
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Post by maxi on Dec 11, 2012 20:20:22 GMT -5
Everything depends on what timeframe you are trading in. If you are trading for a month then the 200 dma is not relevant.
The moving averages move up and down depending on where the price goes. They do not determine the price. The price determines the moving averages.
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Post by jacksrbtr on Dec 11, 2012 20:21:57 GMT -5
Just means a possible target area to buy for a swing long Because it is the 200 dma? You could be waiting a very long time for that. Altho that would be the safe play... But if we keep going up that 200dma will move up as well... Yeh The 200MA and the 11/21 gap open mark the area. |
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Post by sloop on Dec 12, 2012 6:39:42 GMT -5
The 200 DMA is good for sharp sell offs. But not for average swings. You want to watch the 50 DMA. It dosent have to get
any more difficult them that. You don't need to redraw your lines. They are just fine. If the price is far away
from the 50, you want to wait for the price to come in closer. And you want to buy as close to the 50 as you can. If it falls below
the 50 you should sell. Also, if the price is under the 200. The stock is now in a bear market.
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