10.08.2008

The 200 weekly moving average trade...

I use the weekly charts to spot trends... You will not see this on a daily chart, but the 200 weekly moving average has showed up on many charts as a short term bottom...So, here is the short-term trade.. First, stay short until the stock price hits the 200 weekly moving average.. Once the stock price hits the 200ma exit the short...Next, look at going long on the bounce at the 200ma, when with a tight stop.