Archive for Dow Therory
Technical Analysis, how much do you use it?
Posted by: | CommentsDear Reader
I am currenty writing a book and recording the multimedia Trader Academy Pro Training course, which will be absolutely unique. However while I am tuning the content I have a question for you ! Technical Analysis, how much of it do you actually find useful or use?
There are so many theories and tool sets out there!
- Japanese Candlesticks
- Bollinger Bands
- Envelope Channels
- Moving Averages, MACD, RSI, Stochastics
- Momentum, Rate of Change (ROC)
- Sentiment Indicators (Market Vane for example)
- Dow Theory
Using Dow Theory & Technical Analysis to evaluate market direction
Posted by: | CommentsThis market is at an extremely interesting point. Up or down is the question on everyone’s lips. To try to make sense of this I will try to use elements of the famous “Dow theory” to help us asses where we are.
Analyzing the S&P-500, Dow Jones Industrials and the Dow Jones Transport together will enable us to get a good view of the market. This should be part of your daily regime, in fact the first thing you check every day. Being in cash when the market decides to turn down is ideal and buying stock on the upturn is optimal.
The chart chart below show us the current state as at 12 November 2009.
What do you see? Here’s what I see. Read More→
Dow Theory & Elliott Wave Theory
Posted by: | CommentsWell it seems my prediction of a market break out was correct, the S&P500 has begun it’s next leg up with 6 of the last 8 days as “up days”. Looking at the S&P 500 on a weekly chart it is clear to see the market has completed what could be considered the first leg of the Primary Bull Market move.
Dow Theory
According to Dow Theory the market has 3 types of move. Read More→
