Email of the day
Comment of the Day

February 11 2013

Commentary by Eoin Treacy

Email of the day

on overextensions relative to the 200-day MA.
“When reviewing deviation from the 200 DMA, what would you say is more relevant - absolute distance or the percentage deviation? Thanks and regards”

Eoin Treacy's view Thank you for this question which may be of interest to other subscribers. I believe that a percentage deviation is more relevant. For example a 50¢ move in silver when the price was near $5 does not have the same psychological impact now that prices are trading closer to $31.


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