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Post by jeffolie on Apr 16, 2011 15:43:04 GMT -6
Almost true prediction: gold is less than 1% below my minimum high price in my jeffolie 2011 annual predictions while 2 other parts of my gold prediction are now true.
my 2011 jeffolie predictions included: "....GOLD, SILVER: gold will rise above $1455; silver will rise above $37. A high and wide trading range for gold from over $1500 to below $1300. A high and wide trading range for silver from over $40 to below $27. Use moving averages to stay with the trends both long and short if trading.
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Post by graybeard on Apr 16, 2011 19:05:33 GMT -6
Where can I get info on using moving averages, Jeffo?
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Post by jeffolie on Apr 17, 2011 8:56:45 GMT -6
Moving average do not predict...I use politics and economics to predict major changes. Moving average must be changed in my view to reflect the market of the selected investment. For example, the speculation in silver accounts for most likely 40% of silver's price rise; thus, recognizing silver as a speculation means to me that speculation investment charts and moving averages are different from other types of price movements. Selecting the number of days, weeks, months to use in a moving average is important. Your investment personality is important...if you are easily moved to trade a lot then the number of days, weeks, months to use in a moving average is different. If the investment is in a blow off speculative spike, then the number of days, weeks, months to use in a moving average is much lower. In my opinion silver is more speculative than gold. Gold has Central Banks spending Billions to buy gold, but the silver market is much smaller with much smaller players. Goals are important. If your goal is to trade then that is a different approach than the goal of riding out a Dollar crisis in 2014 or beyond. I do not post trades and I rarely trade significant amounts of money. ----------------------------------------------- I like this charting school section and recommend reading the many views of investing techniques at this site StockCharts.com - ChartSchool "....Conclusions '...The advantages of using moving averages need to be weighed against the disadvantages. Moving averages are trend following, or lagging, indicators that will always be a step behind. This is not necessarily a bad thing though. After all, the trend is your friend and it is best to trade in the direction of the trend. Moving averages insure that a trader is in line with the current trend. Even though the trend is your friend, securities spend a great deal of time in trading ranges, which render moving averages ineffective. Once in a trend, moving averages will keep you in, but also give late signals. Don't expect to sell at the top and buy at the bottom using moving averages. As with most technical analysis tools, moving averages should not be used on their own, but in conjunction with other complementary tools. Chartists can use moving averages to define the overall trend and then use RSI to define overbought or oversold levels....' stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_averages
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Post by jeffolie on Apr 18, 2011 8:17:09 GMT -6
Day high ..... $1,498.60
This morning gold was less than $2 below my minimum high in my jeffolie 2011 predictions of over $1500.00
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