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In a message dated 2/23/00 8:07:43 AM Pacific Standard Time,
he96@xxxxxxxxxxxxxx writes:
<<
to put it simple -
use a 5day (or 10?) simple MA of closing prices
- if the END is HIGHER than the START its UPTREND
- vice versa
(maybe use a minimum % to be different end else its NEUTRAL)
WHY NOT ?
rgds hans >>
Hans,
Reminds me of when I was a broker and I used to let my 8 year old daughter
and 6 year old son come into the office and day trade the futures markets for
pennies. I gave them a set of charts and told them to go to the end of the
chart and draw an arrowhead in line with the direction of the bars. If the
arrow pointed up they would buy and if the arrow pointed down they would
sell. They did extremely well. After the markets closed we would go to the
movies and spend their profits for the day. It was great fun.
Chuck
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