India’s Sensex found support at 26000 and is headed for a test of medium-term resistance at 29000. Twiggs Money Flow recovery above zero indicates medium-term buying pressure. Breakout above 29000 would find long-term resistance at 30000 which may prove to be stubborn.
HI COLIN,
i found by my technical research and theory that 200 weekly moving average is a very good indicator to hold your position .
whats your comment on it and please send me formula to place that in incredible charts
thanks
Hi Mukesh,
There is no perfect moving average for following trends. Each presents a different trade-off between staying in the trend and responsiveness. All experience whipsaws.
My question: Is it not more profitable just to buy and hold rather than buy and sell on signals from a 200-week MA?