Articles for: Technical Analysis

2009 is now well and truly established with the hangovers from the festive break well behind us.

I’m writing this article on Wednesday and the Dow Jones has fallen 381 points overnight. In these days 381 points doesn’t sound like much, but with the DOW trading around the 8000 level it did represent a 4.5% drop.

If I recall correctly from the Four Corners show on Australian ABC TV this week Gerry Harvey admitted to losing about $1.5 billion in wealth in the last year or so – but still has a cool billion left. This was a billion he never had within his sights or reckoning years ago so he is still laughing.

The MACD (moving average divergence / convergence) is a popular and often cited trading indicator.

Have you ever “fiddled” with a trade and then looked back later and wished that you hadn’t? So often we can get impatient with the market, expecting our move to happen today!

This is a topic about which I wrote some time ago in this column and SharesBulletin but I feel further mention is warranted here in the Trading Tutors Newsletter.

Gold has certainly had another nice little run up over the last few weeks and maybe we have to ask ourselves, did we miss an opportunity to profit from this?

The Euro (EC-Spotv in ProfitSource) looks like it may have commenced its next move to the upside.

As I sit and write my editorial – sitting on 100% cash and watching markets rise solidly over the last few days – I challenge my conviction.

A question I’m constantly asked is, “how do you trade this type of market?” Well, if you must trade in this market then do it safely and yes that is possible.