I came across one of Rick Saddler's stock trading strategies and thought some members might find it interesting if not useful:
For a stock trending down and: the 34EMA is above the 21EMA and the 21EMA is above the 8EMA and the 8EMA is above the 2EMA At the close when the 2EMA crosses the 8EMA, you go long. You exit if the stock reaches the 34EMA or if the 2EMA crosses back below the 8EMA. If the 50SMA or 200SMA happens to be between the 2EMA and 34EMA, that SMA would be the target price, not the 34EMA. Just the opposite to short a stock that is trending up.
