Articles

I have had some great feedback this week about last week’s article on the SPI200, outlining the potential bullish indications based upon Pressure Points. Now our Trading Tutors Newsletter hits your ‘Inbox’ early each week and of course the SPI200 spent the first three days of the week heading down!

Focussing on the recent movement in St George Bank SGB, an ABC trade stands out as one to watch. SGB one of our major banks has been trending quite strongly since early February of this year.

Stock traders are constantly confronted with a sharp and large move against their directional bias. Many times these moves come in the form of gaps.

The words and titles of our favourite music often give us great cues. “Take Five” an old favourite of Dave Brubeck reminds us to take time out even when life is grand. Life is rosy for the equity investor and has been for the last 12 months for those who were on board at the beginning of this Bull Run in March 2003.

You would be starting to find it difficult to find a single trader who has not felt the overall share market was due for a decent correction before now. The bulls are on the rampage with many dead bears laying in the wake.