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For instance, most DAT traders use the same moving averages on all of their charts, regardless of whether they are fast or long-term. When technical analysis of stock price movements was first developed, the period was always a full day ending with the daily closing price. Nowadays, we use intra-day charts with much shorter periods. Quite a difference. This problem of reliability is accentuated by the fact that most DAT traders set their programs to calculate the moving average lines exponentially rather than as a simple average.