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In recent weeks the US market has shown signs of increasing volatility. It seems that each time the market wants to move up it gets forcefully sold off.
US stocks took a tumble this week due to concern over the US sub-prime mortgage market. Bear Stearns was at the centre of the storm with the stock price reaching almost one year lows.
You might have been forgiven for thinking on last Wednesday that we were witnessing the beginning of the end. Well in some investors' (or commentators!) minds it is the end of the big Bull Run.
Students who attended the recent Adelaide ProfitSource 1-Day Training Workshop at which I presented would understand the importance of the ABC Pressure Point Tool in forecasting future price support/resistance levels on a chart.
There has been much written about the origin of candlestick charting and its uses so I won’t bore you with the standard story.
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