Articles for: Gann Analysis

As I write this article on Wednesday 25 August, there has been a very interesting day’s market action in Santos (STO:ASX).

In my Trading Tutors Newsletter article last week I wrote about a setup on the Euro (EC-Spotv in ProfitSource) for a potential high.

Welcome all Safety in the Market traders to this month’s dedicated newsletter. Since I wrote to you last month several Australian stocks managed to continue to rally and break their June high’s.

No doubt you are all familiar with Gann’s rule that the safest place to sell is the first lower top.

If you’ve been reading the Discussion Forum you’ve probably noticed that quite a few students are watching double tops appearing at 50% levels on several markets.

The Euro has been moving steadily up from its recent June 7, 2010 low of 1.1874 - a low which occurred around 60 days ago at time of writing.

By employing technical analysis a trader can create certain price targets which will go some way to help confirm or reject an Elliott Wave count.

Last Friday, 9 July, an article appeared in the Australian Financial Review suggesting that Santos (STO:ASX) was on the verge of a multi-billion dollar deal to sell liquefied natural gas to Shell, Sinopec and Kogas.

We left Santos (STO:ASX) with a signal to enter a short position, based on an ABC trade on the weekly chart.

Firstly I would like to express my thanks to all the readers who have given me feedback on these articles on Santos (STO:ASX).