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...
Monthly Archives: August 2010
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 does not go to zero,...
Don’t Fall For Stock Tip Bluffs
In poker opponents are all betting against one another. They are either putting out money hoping that someone else will give up on it and not call their bet, or they are putting money in hoping that people do call their bet. The stock market is not all that different. Buyers either are buying...
Best Performing Bullish Stock Patterns
In The “Encyclopedia Of Stock Patterns” Bulkowski does an in depth case study of every single chart pattern. He then grades then based upon a rank. Here are the besst in order of “bullish” chart patterns (upward breakouts) In bull market: Flags, High and Tight Pipe Bottoms Scallops, Ascending and Inverted Three Rising Valleys...
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 hard part about that is, a lot of times people...