AUD and the NZD. . That send the nzdusd tumbling lower from about.6918.6786 on Wednesday and below its 100 day MA around the.6908 level. As an investment strategy, momentum investing involves buying stocks that have shown consistent price increases on the short run such as over the last three months to one year and then selling them off immediately they show any sign of decrease. For instance, shorter-term traders might consider trading the next leg higher up towards 2484, book profits and wait for a correction lower in Wave ii towards. S P index rose.96 points.67 at 2834.40. However, it stalled on three separate tries at extending above the 100 and 200 hour MA.7100 area and the 505 of the week's trading range.7107. For instance, investors have a tendency of selling poorly performing stocks to avoid end of year taxation and when many stockholders sell at the same time the tendency is for stock prices to fall. In the process, the pair moved back below its 200 hour MA.33807. However, momentum investors take advantage of the inherent volatility of markets caused by the tendency of men to react psychologically to either changes or signs of changes or news about the market to head off in a predictable direction. The one potentially bullish development is that at the low, the pair tested the 200 day MA.2978, and bounced. .
The low extended to 2819.23. Momentum investors try to place themselves in the strategic position of the leader of the herd and get out before others can react when the high wave is coming down. Just be on the lookout for subtle warning signs. The price action did see the price tumble froma about.3055 to a low.2976. This is due to the fact that he used this concept extensively in managing his funds and was very successful. The industrial product prices rose.3, while raw materials prices increased.6 after a 4 gain in the prior month. . In analytic terms, momentum investing seems more of an involuntary reaction to spontaneous changes in market prices than a sound investment strategy.
The high for the week was reached today at 110.94. The high reached 25926.26.
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