Many traders and investors use technical indicators to support
their analysis. One of the most popular and reliable also
happens to be an indicator that has been around for years
and years — moving averages.
This
article was syndicated by Elliott Wave International and
was originally published under the headline The Trend Is Your Friend: How Moving Averages Can Improve Your Market Analysis.
EWI is the world’s largest market forecasting firm. Its staff
of full-time analysts led by Chartered Market Technician
Robert Prechter provides 24-hour-a-day market analysis to
institutional and private investors around the world.
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