pthomas215 1,251 posts msg #142126 - Ignore pthomas215 |
2/11/2018 4:55:07 PM
yes, i think it does, just like price crossing above the ema 13 sends price action up, but it can cross over down soon after and price action will follow. i think mac's point is one of long term averages...once price action falls below those averages, long term investors are giving up on it. if i mis spoke, I apologize to you Mac.
I personally think not enough attention is paid to the Beta of a stock or ETF. I was in WATT this past week, up a buck. damn thing plummeted 1.50 in 2 minutes. i checked the Beta after....hmmm, makes sense now. a Beta over 1.5 is more profitable but more dangerous.
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