DislikedSunTrader, I know you are against MAs, but if the institutional thing about 5,100 and 200 mentioned above is not a fact, then why do you think price bounces off these lines? You, the little guy does that?Ignored
OK then what about when it doesn't bounce? I guess that is when the big money decide not to let it bounce. Hmmm.
The number one category of trader type in the big money arena is trend following. And yes there are some that use MA's for this. But just as many, or more probably, that use other techniques for entries and exits.
I am not looking to debate this. I just know from over the years reading many a trading book and a whole sh*tload of profiles/interviews in trading magazines that there is not "one size fits all" in analysis by the big guys.