DislikedI studied the movements and interaction between the price movement and moving averages over a period of 2 years. I found that Fibonacci numbers gave the best results as to barriers that makes the price to stay there for a while. I have also found that there is a correlation between the MA's and the reactions of people regarding to their interpretation of news and where they are willing to take the price. It was more something I obsurved than what I worked out. You can look at history on any timeframe using that MA's and come and tell us what you have seen. You will be amazed to see it works on any timeframe. The 200SMA is not a Fib number but are a wellknown one amongst traders.
I like analyses and I am a draughtsman and I think that is where it comes from.
I have missed your first question on SMAs and EMAs and cant find it or is it the one in this post you were talking about. If not can you please put it again and I promise that I will respond.
PhillipIgnored
Thanks.
-Chandra