Useful Share Trading Video:Stock Market Analysis 07-07-2010
| www.guerillastocktrading.com Bulls were amazing today, were they not? Reverence and props to the bulls on today's chart, they deserve it. Let's consider though, one day does not a market create. Ask yourself the question, is it feasible for 1 day to deny 2 months worth of trading? Of course not, that is stupid. We continue to trade under a Bearish Head and Shoulders Top. In fact, on the weekly chart, bulls have not yet taken the market up a sufficient amount to test the neckline resistance yet. Worse, yesterday we just had a Burial Cross of the 50 day moving average breaking below the 200 day moving average. In other words, today's stock market movement is little more than a spring back within a greater downtrend until proved otherwise. Commit to memory, the trend is your friend and the trend is still down. Stock trade with the trend. I am for ever and a day amazed at how lots of investors will get terrified out of their short positions because of one day like today. From time to time trading is tough like it is today. You need to burrow your heals in and proclaim, I will not be scared out of my short position until the stock market tells me that I should. As long as important resistance levels have still not been taken out, this stock market is in a downtrend. As the market is technically in a downtrend, I will not get petrified out of my short position. You will notice that if you have the restraint to stick to your stock trading method, you will get 75% of your calls ...Share Trading Facts: These points give a cue to traders as to where prices will head for the day, prompting each trader where to enter his trade, and where to exit. Among other reasons, there could be some instances where taxation is already incorporated into the stock price through the differing legislation that companies have to comply with in their respective jurisdictions; or that tax free stock market operations are useful to boost economic growth. In a normal distribution of investors, many academics believe that the richest are simply outliers in such a distribution. |
Duration: 00:07:40 Rating: ![]() ![]() ![]() ![]() ![]() View: 738From: StockTradingMaster Keywords: stockchart, stockchartanalysis, stocktradingtips |
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