Profitable Patterns found in the Major Moving Averages

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Buck Barnett
6 years ago
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2 Profitable Patterns found in the Major Moving Averages

3 M.A.P. MOVING AVERAGE PATTERNS

4 MAJOR MOVING AVERAGE RULES 1. There are four major moving averages: 50, 200, 500, Moving averages act as magnets for price. 3. First contacts with long term moving averages are usually repulsed. 4. Second and third attempts at crossing major moving averages are usually successful. 5. Prices that break through a major moving average usually come back and retest that average. 6. Once a moving average has been penetrated to the upside it becomes support for positive trends. 7. Once a moving average has been penetrated to the downside it becomes resistance for negative trends. 8. Stocks in sideways trends often bounce between major averages. 9. Moving averages and trend-lines often complement each other. 10. Major moving averages are fractal, for any time period. 11. Major market price gaps are around the major averages. 12. The safest place to buy is on positive moves off of major moving averages. 13 The safest shorts are on negative moves off of major averages WallStreetTeachers.com. All rights reserved.

5 M.A.P. Break Down Pattern for the 20 and 50 SMA 20 Sma 20 SMA Test and Failure Blue Ice Hole Failure of 50 SMA 50 SMA First 50 SMA Test Second SMA Test and Failure

7 2004

8 QQQQ TARGET 200 SMA

9 QQQQ, DAILY, SMA 200 SMA

10 2000 DJ SMA

11 DJ Crash 2 DAY CHART 1000 SMA

12 1973 DJ-30

13 1956 DJ-30

14 1946 DJ-30

15 1929 DJ-30

16 DJ-30 2 day chart 1929

17 6 day chart

18 1920 DJ-30

20 TODAY'S MARKET Thursday's market move was a continuation of Wednesday's up move and our technical call. The DJ closed exactly at the 500 SMA with today's up side resistance at the daily 50 SMA at 112,683. A double failure of the DJ at the daily SMA would project the next market move back down below this weeks lows and April's lows. QQQQ made a new high for the month and last 3 months. Q's have held the weekly 50 SMA over the past several weeks. QQQQ shows as our next resistance. Oil has finally put un a strong rally for THE WAVE 2 retest the last highs move. Failure to make new oil highs will give good short signals and long DUG signals. On the other hand a new high will also be a top with strong negative divergence.

21 DJ-30 June 6, 2008 WEEKLY 50 SMA 200 SMA 500 SMA 50 SMA

23 DJ-30, 1 MIN

24 DJ-30, 30 MIN CHART

25 DJ-30, 60 MIN CHART

26 DJ-30, 15 MIN CHART

27 DJ-30, 1 MIN CHART 50 SMA 500 SMA 200 SMA

28 QQQQ, 1 MIN. CHART 50 SMA 200 SMA 500 SMA

29 LONDON FTSE TARGET 200 SMA

32 Break Down Pattern for the 20 and 50 SMA 20 SMA Test and Failure Blue Ice Hole Failure of 50 SMA 20 SMA 50 SMA First 50 SMA Test Second SMA Test and Failure

33 QQQ 20 SMA 2 50 SMA SMA

34 50 SMA AMR WEEKLY []

35 FDX DAILY 50 SMA 200 SMA 500 SMA

36 50 SMA FDX MONTHLY

37 Break Down Pattern for the 20 and 50 SMA 20 SMA Test and Failure Failure of 20 SMA 20 SMA 50 SMA First 50 SMA Test Second SMA Test and Failure

38 YHOO 20 SMA SMA 1 3

39 Double Blue Ice Hole Failure of 50 SMA 20 SMA Test and Failure Second SMA Test and Failure 20 SMA Double Blue Ice Hole Failure of 50 SMA 50 SMA First 50 SMA Test 80 SMA

40 20 SMA DOUBLE FAILURE SCH 50 SMA 200 SMA 500 SMA

41 Break Down Pattern for the 50 SMA Double Top Test and Failure Blue Ice Hole Failure of 50 SMA 20 SMA 50 SMA First 50 SMA Test Second SMA Test and Failure

42 DOUBLE TOP 2 BA 20SMA 50SMA 1 3

44 SCH FAILING THE BLUE ICE 50 SMA 2 1 3

45 Dragging the 50 Sma Failure Pattern 20 SMA 50 SMA First 50 SMA Test Multiple 50 SMA Test and Failure New Lows

46 SBC 500 SMA 50 Sma SMA 200 SMA

48 Breakout Pattern for the 50 SMA with a 20 SMA test 20 SMA First 50 SMA test and failure 20 SMA 20 SMA breakout 50 SMA Breakout from 50 SMA support 50 SMA Second 50 SMA test and penetration Re-test of 20 SMA support

49 SBC 200 SMA 3 50 SMA 1 20 Sma SMA 2

50 Breakout Pattern for the 50 SMA 20 SMA First 50 SMA test and failure 20 SMA 20 SMA test and failure 50 SMA Breakout from 50 SMA support Second 50 SMA test and penetration 50 SMA Re-test of 50 SMA support

51 500 SMA SMA 1 50 SMA 2 Test the 50 SMA

52 CSX DAILY 50 SMA

53 Breakout Pattern for the 50 SMA Double test 20 SMA test and failure 20 SMA First 50 SMA test and failure 20 SMA Second 50 SMA test and penetration 50 SMA Re-test of 50 SMA support 2 nd Re-test of 50 SMA support Breakout from 50 SMA support

54 IBM DOUBLE TEST 50 SMA 50 SMA 50 SMA double test 200 SMA

55 GMT WEEKLY 500 SMA 200 SMA 50 SMA

56 GOLD 2 DAY 200 SMA 1000 SMA 50 SMA

57 Dragging the 50 SMA Breakout Pattern New Highs 20 SMA First 50 SMA Test 50 SMA Multiple 50 SMA Test and Breakout

58 GTW 3 DRAGING THE 50 SMA 1 2

59 WallStreetTeachers.com, WallStreetTeachers.com. Inc.

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