Prechter closes short on S+P
At the end of trading on Monday, Feb. 23, 2009, Robert Prechter closed the most successful trading recommendation of his 30-year career. His advice to "cover" the position came near the end of the trading day, when subscribers received the February 2009 issue of his Elliott Wave Theorist. This closed a “fully leveraged short position” he recommended to Theorist subscribers on July 17, 2007, when the S&P was at 1550. At the time of publication on Monday, Feb. 23, the S&P was trading below 750
Moving averages - simple or exponential