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Technical indicators  // Posts tagged as "Technical indicators"

20 Oct Posted by in Market Forecasting | Comments Off on GOLD BUBBLE?

GOLD BUBBLE?

GOLD BUBBLE?

  Time to be an Egyptian and PYRAMID! All that glitters is not GOLD.   Is this the final hooraah on the upside? Resistance is formidable at $1700/oz. Short term target $1500/oz. Long term target $1000/oz by early 2012.   Fundamental Reasons: 1- The European bubble is now under control. Would rather buy Greek bonds […]

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20 May Posted by in Day Trading | Comments Off on CORRELATION:The true relationship between technical indicators and price movement

CORRELATION:The true relationship between technical indicators and price movement

CORRELATION:The true relationship between technical indicators and price movement

  My good friend and fellow mentor, Ken Chow, developed a trading technique he calls SuperStructure. It uses only price.  No indicators at all. He and his students do quite well. But, success at SuperStructure requires a certain mathematical aptitude that not everyone has.  I know I don’t have it. I need more visual cues […]

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