Glad to hear that you aren't going to base your trades off the TV pundits or newspaper headlines. As far as the 50 DMA as a timing tool, there may be months where you're not going to have enough IFT's due to whipsaws. I suggest using a monthly chart or weekly chart to base your decisions and things should smooth out for you. I also suggest not buying on a rise or break of the index over the 50 DMA, but instead buy when it's at an extreme low to the average and sell when it's at an extreme high to the average.
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