mowibble's high tight flag tuesday, page-77

Hi Kischa,

yes the trendline does intersect today. I normally wouldn't give a trendline like that any credibility however working with the 2001 high it gives both the horizontal and diagonal levels more significance. I think downside is limited so for todays low to hold would make sense to me.


Just curious, why do you use a 195 ema? I have little respect for a 200 sma and generally using an exponential long term average is frowned upon (not by me though I do something similar) so I'm curious as to why you chose that combo?

Cheers