I'm not too sure about direction of the market after the mess we saw today, but I do know that I am not overly anxious to jump in on the long side again just yet. Have a good evening everyone and good luck tomorrow.
Thursday, May 6, 2010
Technical Analysis of Dow follows through
My last post was back on April 22nd where I posted two charts, one of the Dow weekly, and the other of the Dow daily. I pointed out a significant pattern which seemed to be playing out in the markets. As you can see in the new chart, the market has given up quite a bit since I posted the original charts. Here is how things have played out so far:
I'm not too sure about direction of the market after the mess we saw today, but I do know that I am not overly anxious to jump in on the long side again just yet. Have a good evening everyone and good luck tomorrow.
I'm not too sure about direction of the market after the mess we saw today, but I do know that I am not overly anxious to jump in on the long side again just yet. Have a good evening everyone and good luck tomorrow.
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We’re going to break down stock trading training for beginners so it doesn’t seem scary. One of the first things you need to do when you start out is to pick a good broker. A stock broker is going to be where you do all your business. Picking one that has large commissions and fees can be detrimental to a beginner.
ReplyDeleteAn important second step is going to be learning how to read a stock chart. The stock chart holds all of the clues to which direction the stock is going to move. Watch our ThinkOrSwim video on charts setup.
Another great resource for learning to read a chart is stockcharts.com. They have a chart school for any questions that you might have. Charts can look like Greek when you’re starting out. The more you look at a chart, the more you’ll understand it and be able to predict trends.