For those of you who have attended, or plan to attend a Traders Expo or MoneyShow conference, I wanted to create a series to help you make the most of your time at the convention and maximize your investment in attending. In this first installment, I wanted to discuss how to divide your time into…
Hale at the Bonddad Blog recently posted a detailed assessment of the current intermarket conditions in his post “Is a Bear Market Developing” which absolutely deserves a read and deep thought. He covers the following five points with a myriad of charts and brief informative comments: 1.) A long-term view of the markets (4-5 years)….
Ed Yardini – as posted at the Blogs section of the Wall Street Journal Online – recently listed nine things to be thankful for in 2007. While I will not post the complete list – please browse the site to find the complete list with insights – I will tease with the following items on…
EDIT:Â The Original post contained a link to a site that had stolen word-for-word a wonderful trading plan from Dr. Bruce Hong on his TraderPsychology Website, of which I was unaware of the plagiarism, and so I have removed the offending link and have now given full credit to the originator of the excellent trading…
Dr. Steenbarger recently addressed the topic of “Trading and Anxiety: Navigating Danger and Opportunity” in a recent post that’s absolutely worth review. Read the whole post, but here are a few highlights: “Research suggests that people … become highly risk averse when they are anxious.” “If we are not accurate in our perceptions of danger,…
As I mentioned was a possibility in a previous post, the Dow Jones Industrial Average tested the closing lows from August at 13,800, and has found temporary support there. Whether buyers will hold this level is yet to be determined, but they have a chance at these levels. The pre-holiday periods usually are bullish days,…
We know that the housing market is under duress and has been for some time, Freddie Mac (government assisted mortgage lender) [FRE] has suffered significant stock price losses over the last few weeks that has wrecked absolute damage on the price charts. I have chosen to display a weekly chart in arithmetic format just to…
Previously, I discussed the Descending Triangle breakout in the Dow Jones Index during the year 2000. Following that breakout, the Dow Jones experienced two downthrusts in price that are more commonly known as “Measured Moves” which have occurred twice this year (July to August and then August to October, 2007). Knowing what a measured move…
The Dow Jones Industrial Average, along with the broader S&P 500, is hovering dangerously close to full-bear technical territory. The daily chart is in a confirmed downtrend (as defined by moving average orientation and series of lower highs and lower lows), and is threatening to test the lows made in August which carved out a…
In the interest of Technical Analysis Education, let’s quickly look back at the year 2000 when the Dow Jones Index resolved a descending triangle to the upside. In technical analysis, traders often expect descending triangles to resolve to the downside and ascending triangles to resolve to the upside. StockCharts.com defines Descending Triangles as bearish formations…