Posted Aug 15, 2017 by Martin Armstrong
QUESTION: Mr. Armstrong; What is your view of moving averages? Can they really be used for trading?
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.