Here is an excellent explaination from Mr. M.J Akthar about his observation
about 5 EMA Positional Trading System. I recommend my readers to have
a look on it.
Related Readings and Observations
Nifty Trading for 19 Jan 2008
5EMA Support : 2816 Trend : Turns Positive TRIN : 3.99 (Bearish) RSI-2 : 64.34 Max Upside Possible in Nifty : 2913(31 EMA)Source:
www.marketcalls.in
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Dear Bhai Rajandran ji,Greetings! Thanks for the reference. Please note that we have successfully avoided whipsaws in real time (that could have hurt our profits, in last few trading sessions)! With Warm Regards,*M J Akhtar*