21.   The book-to-bill ratio is calculated using a three-month moving average and is seasonally adjusted.

22.   The distance between the index and the moving average measures the trend strength.

23.   The four-week moving average also declined.

24.   The index is in an uptrend if it is above the moving average and in a downtrend if it is below the average.

25.   The less volatile four-week moving average for jobless claims also declined.

26.   The less volatile four-week moving average for claims also declined.

27.   The ratio is based on a three-month moving average.

28.   The ratio is computed using a three-month moving average and is seasonally adjusted.

29.   You sell when the daily average is above the moving average, and vice versa.

30.   Because it smooths out the weekly bumps and dips, analysts consider the four-week moving average a better indicator of hiring trends than the initial claims figure.