March 28th, 2008 by Corey Rosenbloom
I was inspired by a recent article in my local paper entitled “What Then Must We Do?” which tackles the sense of ‘loss of control’ or uncertainty that is so common to stock market participants.
Author Bonnie Roberts of The Valley Planet pondered a list of 45 humorous points that were completely out of her control, […]
March 28th, 2008 by Corey Rosenbloom
John Forman, author of The Essentials of Trading, addresses some prudent points on how to think about resources for your trading education and development.
While there are many free resources, John challenges you to think about what it means to pay for a resource.
In his recent blog post “Good, Free Trading Resources,“Â John mentions a couple […]
March 28th, 2008 by Corey Rosenbloom
The US Dollar Index continued its downtrend recently, by failing to overcome resistance via the 20 day moving average.
The 20 period moving average (especially along with the 50 period moving average) has provided a barrier that is too significant for the ‘dollar bulls’ to overcome with any lasting success.
The recent rise (counter-trend swing) was a […]
March 27th, 2008 by Corey Rosenbloom
Today’s intraday price swings were smooth, pronounced, and stable. It was an ideal day to be an intraday ’swing’ trader.
By ’swing’ trader, I mean simply trying to capture the market’s most probable sustained price action in one direction until that direction is reversed by the opposing force. The trend was down overall, but […]
March 27th, 2008 by Corey Rosenbloom
–Who is Chuck LeBeau?–
Chuck has appeared as a featured speaker at numerous futures seminars throughout the world and has frequently been a guest lecturer at the University of Southern California where he teaches fundamental and technical analysis to graduate students in the MBA program. He has been a paid consultant to several financial institutions as […]
March 27th, 2008 by Corey Rosenbloom
General Electric (GE) is showing strong relative strength over the past month, and could be waking up from a long downward slumber. Let’s check out this surprising new development on the charts:
Price underwent a “Power Buy” swing, which took out the most recent two prior swing highs, showing signs of sudden and powerful life.
Momentum […]
March 26th, 2008 by Corey Rosenbloom
Wednesday was a very interesting day in the US Stock Market Indexes. A few classical patterns played themselves out, which provided lucrative trades to those who were nimble. Let’s look at some of them:
This morning’s impulse gap down, with large range first 5-minute bar was the first clue that the day could be […]