RE: Beginners Questions
Isa - I was re-reading Stan's book this morning and in Chapter 1 (page 14 of my copy) under the Moving Average section Stan says, "Over the years, I've found that a 30-week moving average (MA) is the best one for for long-term investors, while the 10-week MA is best for traders to use."
Is there anywhere later in the book that he expounds on traders using the 10-week MA rather than the 30-week MA? I seem to remember him saying that he would explain it in a later chapter but I'm having trouble finding it. Do you know where that might be located so I can brush up on this piece of the strategy? I had assumed that it would be in the traders section of Chapter 3 but I did not see it.
Thanks in advance.
I've missed more than 9,000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over again in my life. And that is why I succeed. - Michael Jordan