Chart Analysis On Qqqq And Awesome Special Effects

I have been hearing a lot of babble on today's chart about how the volume on the buy side is very dire

. This is really not factual when applied to the Nasdaq.

Buy side volume has been growing into the upward move. Provided you watch my videos you are aware that I totally fancy buy side volume rising into a up move. That implies more and more converts are switching over to the bullish side.

An additional rationale behind why this is bullish not only for the Nasdaq but the whole stock market is because of sector rotation theory. Technology stocks are normally the first to guide the market out of a bear market.

Think about it. Where is the innovation coming from to cut costs to business? Tech. A greater number of companies have increased their use of email and decreased their use of regular postal mail to cut costs. Greater number of companies are buying more computers to advertise for free over the Internet and save money on in-print marketing. Quicker copiers are being bought with instant convert to pdf and email from copier capabilities. Certainly, lean and focused companies will a recession make and technology is the crucial component which makes productivity and expense reduction achievable. Thus it makes sense that tech is the bull market leader coming out of a recession.

From a technical analysis perspective you ought to not be stock trading in this market. You should be on the sidelines right now because no prevailing group, neither bulls nor bears, have emerged as the leader. At the end of June the bears held the trend but all that changed in July. Over the previous 2 weeks, the bulls have been so influential that they have canceled the downtrend and forced us into a cash and sidelines rating.

Yet if we do get a pullback now, I wager we'll have a higher low and a new trend channel might arise. Remember, a large amount of trend channels have lifespans that are much shorter than the present downtrend channel we have experienced ever since April. In other words, this downtrend channel is past its life expectancy and we might have a fresh one form soon.

The method to play this stock market is to stay in cash and watch the big boys battle this out for power. You are a tiny fighter and do not wish to get trapped between two attacking armies. Stay in the bush and let the armies battle it out. As soon as one army, either bulls or bears, becomes dominant, then spring out of the bushes and attack on their side. Just place your bets on the winning side when a obvious dominance or trend has developed.

In Trading News This Last Week And A Special Effects Video

It is formal. The Stock Trading Master was out traded today. What occurred? He was suckered in to shorting the market by the bearish Head and Shoulders top and the Burial Cross and then got killed by bulls as the stock market reversed.

Worse, this is the Stock Trading Master's third loss in a row. That means that the trading directive activates where Lance tells himself he has to sit on the sidelines for about five trading days.

It's strange. When you do not have a personal wager in the stock market how apparent things become. You are not a bull seeing matters from an optimistic prejudice, nor are you a bear looking at matters from a pessimistic prejudice. You in fact have no partiality because not a bit of your own money is at stake. Hence, your opinions become clear as you see the market for what it truly is.

Having a trading loss law is so significant that some credit the fact that institutional investors beat newbie traders just for the reason that they have such a rule. At the time a guy at a trading desk has a string of losses, the boss comes up and taps the trader on the shoulder. That means he's done for the trading session. No questions. No quarrelling. Once the tap comes, you turn off your trading workstation and go home.

In this episode Lance actually breathes flames in fury over his 3 repeated losses. Lance then rips into himself and screams no more trading!

stock trading

by: Jens Jackson.

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