Market Strength Indicator is a Paint bar study that will paint the bars red, green or yellow based on market strength. This will visually show the start of a move, move getting weak and the eventual reversal. This indicator SHOULD…
Monthly Archives: July 2013
Week Ahead
Monday Earnings: Anadarko Petroleum, Express Scripts, Hartford Financial, Herbalife, General Growth Properties, Tenneco, CNA Financial, Hertz Global, Loews, Ryanair Holdings BOJ’s Kuroda speaks to business leaders in Tokyo Japan June retail sales Greece: IMF Executive Board discusses Greece bailout money…
Posted in EOD Analysis
Cybernetics
Cybernetics Almost 50 years ago, Dr Maxwell Maltz developed psycho-cybernetics, a method for harnessing the human subconscious mind. He wrote a book called Psycho-Cybernetics and it was first published in 1960. It is often thought of as one of the…
Posted in TradeBlog
Tips for Identifying Market Bias during weak Internals
Identifying who is in control of the market will help avoid trading on the wrong side of the market. This translates to measuring buying or selling pressure in the market. Market control is fairly obvious during a trend day or…
Posted in Study
Objective Analysis of Market Internals
It is very important to stay focused and objective while analyzing market internals. If the trader maintains some kind of bias from news or other events, chart patterns etc, he may fail to see patterns opposing his bias. While maintaining…
Posted in Study