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"Out of the mouths of babes..." GREAT POST!
----- Original Message -----
From: <CRLeBeau@xxxxxxx>
To: <he96@xxxxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: February 23, 2000 14:58
Subject: Re: Trend Up ?? down??
> 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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