03-24-2006, 01:26 AM
The reality of the 200 dma is that it is a chartists fad. I doubt that "millions" use it, but certainly thousands do. There is also significant controversy over what it signifies or whether it can be used to make successful general buy, sell, long, short decisions at all. If it was so useful, then all the chartists and their clients would be rich...and they're not. Sorry, but I rely heavily on statistical analysis at work so I'm constantly on the alert to bogus conclusions derived from statistical parameters.
You've inspired me to add a new sig!
You've inspired me to add a new sig!