I trust this message finds you hale and hearty.
Your recent article on moving averages (50 MA, 200MA) showed these on daily charts.
As a rule, I was under the impression that these MAs applied only to weekly charts, especially the 200MA to indicate the trend mean.
Thank you for this email and thank you for the well wishes. I’ve long admired and followed your regime of overdosing on fruits and vegetables which I am convinced has played a role in my resilience to illness over the decades. I’ve never had to take a day off for personal illness.
Unfortunately, the air quality in Los Angeles at present leaves a lot to be desired. The Bobcat fire is about 30 miles away and there has been very little wind. The October fires were only three miles away and the smoke blanketed us. These ones are not as bad, for me, but the air justifies wearing a mask outside regardless of the additional risk of coronavirus contagion.
Turning to moving averages. We have always focused on weekly charts because historical perspective offers valuable insight into the overall trend that is easily lost with daily charts. However, I posted daily charts last week to highlight where the levels are relative to the current prices. On our charts the calculation of where the moving average resides will be the same on a daily, weekly or monthly chart.Click HERE to subscribe to Fuller Treacy Money Back to top