moving average expansion - what Steve and I talk about all the time - for the last couple of months all the MA's have been bunched up, (the 9 EMA, 20 MA, 50 MA), that's a time when the potential exists for a stronger move to occur - basically it's been in consolidation, so hopefully will come out and trend - when you see the 9 and 20 start to expand up and get distance away from the 50 and the 50 also start to curl up, that's expansion. Think about it like a wave, view the MA's as waves. then once the MA's expand, you look for them to act as support or resistance on pullbacks depending on the direction
Friday, February 27, 2015
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