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Folks, here is a great free daily market analysis. I have a subscription but also get the free one. (no other interest) River
April 20, 2011
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Subscriber Help Wednesday's Update
SummaryMondayTuesdayWednesdayThursdayFridayWednesd ay, April 20th. - Stock Trends, Charts, and Commentary
Update to last week's: Confused about the Market?
If you are confused about the market, particularly the NASDAQ 100, it is understandable but also explainable. (See today's current chart below.)
There are certain patterns in the market that are a very natural reflection of the interaction that goes on between the Bulls and the Bears.
When you see the same behavior in humans you don't question it. When it happening in the market, it is difficult to see unless you are observing what the charts are telling you.
Take a look at the pattern on today's NASDAQ 100 chart presented below. I kept it simple and drew only one pattern on the chart ... a Symmetrical Triangle.
One of the confusing aspect's about a symmetrical triangle is that the pattern is one where you can expect an increasing number of directional whipsaws as time goes on.
The reason this happens is because you have a convergence occurring from a down trending resistance line, and an up trending support line.
As these two lines converge upon each other, it means that the NASDAQ will make lower tops, and higher bottoms. Eventually, the two lines converge so the NASDAQ will have to "breakout" of the pattern before it reaches the apex (the point of convergence for the two lines).
Since the two resistance/support lines are converging, it makes the market appear more volatile as time moves forward and the market moves closer to the apex.
Don't think of it as volatility, but as an approaching battle between the Bulls and the Bears.
After the breakout, this pattern typically gives you a decent ride in the direction of the breakout ... based on current data, it has a decent probability of being in the 7% to 10% range.
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Copyright © 2007 StockTiming.com - Publisher: AMS,Inc. All rights reserved
April 20, 2011
MAIN MENU
Home
Free Daily Updates
Super Accelerator
FREE Market Reports
Subscription Info.
Index of Charts
---------------
100 Countries?
Shanghai Index
Member Comments
About Us
FAQ.
Reference Links
Contact Us
MEMBER LINKS
Sign In
Sign Out
Advanced Member
Standard Member
Subscriber Help Wednesday's Update
SummaryMondayTuesdayWednesdayThursdayFridayWednesd ay, April 20th. - Stock Trends, Charts, and Commentary
Update to last week's: Confused about the Market?
If you are confused about the market, particularly the NASDAQ 100, it is understandable but also explainable. (See today's current chart below.)
There are certain patterns in the market that are a very natural reflection of the interaction that goes on between the Bulls and the Bears.
When you see the same behavior in humans you don't question it. When it happening in the market, it is difficult to see unless you are observing what the charts are telling you.
Take a look at the pattern on today's NASDAQ 100 chart presented below. I kept it simple and drew only one pattern on the chart ... a Symmetrical Triangle.
One of the confusing aspect's about a symmetrical triangle is that the pattern is one where you can expect an increasing number of directional whipsaws as time goes on.
The reason this happens is because you have a convergence occurring from a down trending resistance line, and an up trending support line.
As these two lines converge upon each other, it means that the NASDAQ will make lower tops, and higher bottoms. Eventually, the two lines converge so the NASDAQ will have to "breakout" of the pattern before it reaches the apex (the point of convergence for the two lines).
Since the two resistance/support lines are converging, it makes the market appear more volatile as time moves forward and the market moves closer to the apex.
Don't think of it as volatility, but as an approaching battle between the Bulls and the Bears.
After the breakout, this pattern typically gives you a decent ride in the direction of the breakout ... based on current data, it has a decent probability of being in the 7% to 10% range.
*** Feel free to share this page with others by using the "Send this Page to a Friend" link below.
________________________________________________
Do you have a friend or fellow investor that you think would appreciate receiving a link to this page of Today's Analysis"?
If so, simply click on the link below to quickly and easily forward an email link. It is completely private, so we won't even know if you send one.
Send This Page To a Friend
____________________________________
You can become a Free StockTiming Member in less than 10 seconds ...
and receive important, free Stock Market email updates every Morning ...
To become a Free Member, simply enter your information and click on the "Free" button. You will receive Daily Updates and Alert Notices every morning before the market opens. On other occasions, you will also be sent special links to important stock market information and/or studies.
Quick and Easy StockTiming.com Free Member Sign Up http://www.stocktiming.com/Wednesday...rketUpdate.htm
StockTiming.com •200 Freedom Trail• Morganton, NC 28655 • Tel: 828-296-1200 • Email: [email protected]
Copyright © 2007 StockTiming.com - Publisher: AMS,Inc. All rights reserved