Using the Moving Average:

Many traders use a 15 minute chart, with an exponential moving average (EMA) of 5 unites for the “fast line” and EMA of 9 or 10 for the “slow line”. This can show up to 85% of a day trade move. Good chartists couple with point and figure, or candlesticks, and MACD. If the market is flat lining consider using a 5 minute chart.

Floydian rules to the moving average are simpler. I watch a stock, or an index, for when it passes below the 200 day moving average, and where that “acts’ in relation to the lower Bollinger Band, and in relation to Fibonnaci numbers.

Moving averages are healthy tools. Each of them act as support and resistance lines.