Profitable Ideas Each Market Day
LAST UPDATE:11/23/14 08:02 AM ET
All major indices remain firmly established in weekly buy cycles that began in October, despite Friday's poor close However, it will take just a single down week to trigger bearish crossovers that signal new sell cycles.
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|Price moving against a strong trend rebounds sharply|
How Should You Trade The 7-Bells?
|High volume events print the future direction of price|
|Constricted price gives way to directional movement|
|Gap downs after strong rallies signal a trend change|
|Candles flag reversals in the next smaller time frame|
|Weak markets drop fast after rallying into resistance|
|Breakouts through a triple top signal major uptrends|
Morning Trader Archive Search
7-Bells are not stock picks! All site participants, please read: Important Advice on Trading Risk and Site Disclaimer
ON THE EDGE
Veteran trader Larry Pesavento points out a powerful tape reading tool called the "opening price principle". Through years of observation, he discov... More
TIPS & TECHNIQUES - Reward:Risk
Forgo marginal positions and wait for the best opportunities. Prepare to experience long periods of boredom between frantic surges of concentration. Expect to stand aside, wait and watch when the markets have nothing to offer.
Best Buy (BBY) shares continued their uptrend with a breakout gap into "Open Air."... More
The stock market indices ended Option Expiration Day on a positive note. The day started out with huge gaps up, and then reaching the highs for the da... More
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