According to record trader Dan Zanger, the target area of the Dow is 8500-8800. The timeframe is somewhere between 30-60 days.
I’m not sure if Dan drew a paralell line of the decline, used a logrithmic scale, or used a more complex method for determining price targets. What I have learned in using chart patterns...
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Dow Target 8500
It doesn’t matter what stocks you buy
You do not have to win every trade. Repeat: You do not have to win every trade. In fact, trying to do so can be more deadly to your account than not. How? If you stick with a losing stock waiting years until it turns to a win if it...
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Trading Stocks in The Stock Market With The Odds In Your Favor
Trading stocks can be a lot like professionally gambling. I’m not talking about leisurely gambling, I’m talking about the pros who are constantly looking for the slightest edges and are managing their money so they can push the bets to the max without overdoing it. This is why Cramer’s...
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Figuring out the game
What has worked in the past may not work now and in the future. What is best now isn’t what used to be best. If you want to make money in the market, you have to do what no one else is doing. The...
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Market Update July 27th
Head and shoulders neckline and the trendling have broken to the upside, but right now we are overbought on many accounts. McLelland oscilator, williams %, nearing edge of bolinger bands, slow stochastics. volume on rallies is much lower, declining volume the last 3 days...
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Elliot Wave
The Elliot wave cycle is based upon the fractal nature of reality. The wave principal is not really a forecasting tool, it is more of the principal by which markets behave. The idea that we live in a holographic universe as modern quantom physics suggests...
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Short The Retest of the Head and Shoulders Breakdown
Market is currently oversold and the H+S pattern is still in tact. Great time to get short.
Observe.
This is what the market did.
Note how in 08 it broke through the long term uptrend, and then in early 2010 it tested the downtrend started in...
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Head And Shoulders Chart Pattern – A Reversal Pattern
Technical analysis can often confuse the buyer or seller of stock from the important fundamentals. Warren Buffett and Benjamin Graham do not believe in using chart patterns unless it allows you to buy the stock at a lower price and/or sell at a higher...
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Charting in Penny Stock Trading System
Charting is important if you are involved or planning to get involved with penny stock trading system and activities online. These systems are set up to help you keep updated on the shifts that are occurring daily in the stock market.
Now is...
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Option trading system on the internet
Option trading system has broadened the scope for new traders who can now maximize their earnings and on the same hand safeguard their business’ capital and personal assets. Many traders still do not completely understand the way things work and do not have a...
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