Rank: Member
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Joined: 6/14/2007(UTC)
Posts: 17
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I am now using weighted moving average 30, 50, 100, 200, and the 9 is exponential, all on daily time frame.
what i saw so far on the canadian bank stock say bns for example when 9/30 cross over happen and 50 is cross, 100 cross and 200 also cross yesterday, the weakness is for sure and it will keep moving down.
the question that i have in here is this the signal of something wrong is happening soon or this is just a random chart pattern,
I saw this pattern also on ca;ttfs, when all this moving average meet at the same point is not a good sign.
give me your opinion or suggestion.
thanks.
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