British MoD Allegedly Hacked by China on May 7
The Ministry of Defence (MoD) announced on May 7 that they were targeted by hackers. The initial announcement did not state who was responsible, but Sky News reported that their [...]
QUESTION: Mr. Armstrong; What is your view of moving averages? Can they really be used for trading?
Thank you
KL
ANSWER: No. Moving averages and stochastics are nice confirming tools. They are incapable of forecasting a high or low. They also do not reflect magnitude of a move. They can be a useful confirming tool, but nothing to actually enter a trade on that is consistent.