The 200 day average, is an average that has historical habit built into it from way back... most chartists revere it, mostly I think because human nature seems to have a certain limit of patience, or exuberance invested in this line drawn in the sand.. Financing, growth, and getting it right seem to work to completion within this time line... If there is enough momentum to break it, then in most cases one could assume that as a reasonable measure of supply and demand, depending on the direction from which the price is coming, that it has proven to be accurate in assessing for a large, long tested time, a pretty accurate guess at touching the elusive estimate - is there more demand than supply... or the other way around... comes within acceptable speculation limits.
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