XJO 0.24% 7,813.0 s&p/asx 200

tuesday trading, page-3

  1. 4,960 Posts.
    Hiya GM
    Bahh! Bloody moving average cross-over freaks!!! LOL!

    It's a 13MA

    reason for 21 and 13 is they are part of the fibbonacci sequence 0,0,1,1,2,3,5,8,13,21.....gazillion

    If ya ever get bored put up the sequence as moving averages and watch the crossovers they are interesting.

    the slow ma (dotted red) is the 200.

    in an ideal world or should I say in an eager to take money off the table world, the 200MA seems to be a reasonable conservative target for a quick scalp from this pattern.

    ;)
 
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