Moving Averages with Resistance and Support by Dennis L. Tilley
ARTICLE SYNOPSIS ...Moving averages are a popular way to signal trends. Combine moving averages and the classic chart analysis of support and resistance for trading mutual funds.
Most simple moving average systems
require one or two additional
confirmation signals to
avoid excessive whipsaw trades.
Such confirmation signals can
be based on features of moving
averages such as the crossover
of multiple moving averages or
the reversal of the moving average
slope. Momentum, volatility, volume and other
nontrend indicators can also serve to confirm moving average
buy and sell signals.
In an effort to develop simple ...
AUTHOR: Dennis L. TilleyDATE: SEP 1998SUBJECT: Trading Techniques