Moving averages are great tools and a ton of money can shift, based upon the message these indicators send.
In the chart below I compared the 200-EMA with the 150-SMA…..Which one do you believe is sending the correct signal right now?
CLICK ON CHART TO ENLARGE
Over the past few years, the 150-SMA has a little better track record than the 200-EMA…..150-SMA bought in earlier in 2009 and had fewer false signals than the 200-EMA during the middle months of 2010. I am curious which one moving average you believe is sending the correct message right now….
Is the 150-SMA Sell signal or the 200-EMA support signal correct? Send me an email at [email protected] if you would like to share your thoughts/opinions.
I will report the results of the quiz tonight. Thanks in advance for your thoughts and opinions!
either way, both are lagging indicators, and your way of charting and price following gives much sooner notice of price movements