MON 200 day ma

200 day moving avg is so powerful. This is an example chart that I wanted to show to illustrate the power of 200 day moving avg. On the intra-day , this chart held the 200 day moving avg and went up from there.
Always play the bounce off the 200 day moving avg. this is a quick turn around.
Inspite of the fact that the average line is nothing but an imaginary line, so many people believe it that it becomes a self fulfilling prophecy.