charts, page-114

"Am I on the right track?"

Sort of, no need to get to technical with why it works (I don't anyway). Just be aware that it's there. You can try different EMA and SMA time periods to see which ones work best for different stock's. Robbb uses the 41ema on the charts forum and it's a fairly good indicator as a starting point. When price is above it acts as support and when price is below it acts as resistance.

Just as something to try, pull up a chart of the dow and lay the 20 and 50 SMA's over it and see how price has acted this week.