I generally concur with the report also. Three sentences stand...

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    I generally concur with the report also. Three sentences stand out;
    ‹
    - Even in-sample, there is very little to be gained from moving to more than one moving average ‹
    - The results in the 4MA section are barely better than those in the 1MA section ‹
    - This begs the question, why do users ever have more than one moving average?

    http://www-stat.wharton.upenn.edu/~...um/TrendFollowing/citigrouptrendfollowing.pdf
 
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