Let's look at the results from Jan. 1, 1995, to June 30, 2006, of buying a stock that made a 10-day high (above its 200-day movingaverage) and exiting when it closes below its five-day movingaverage, versus buying a stock that made a 10-day low (also above its 200-day movingaverage) and exiting when it closes above its five-day movingaverage.