Hi Everyone
Once in a while the markets give us what most traders fear the most … the dreaded outside bar! An outside bar occurs where today’s high is higher than the previous day’s (or …
Hi Everyone
Just a quick update on yesterday’s OVI readings. The Dow and S&P’s OVIs crossed to the upside (the S&P only just) but curiously the Nasdaq’s OVI turned slightly down.
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Hi Everyone
(Please note the OVI charts are Monday’s as Tuesday’s are still being calculated as I write this note)
Well the Double Bottom held and we’ve seen strong action on the main indices as they …
Hi Everyone
The major indices tried to get going positively today and got pegged back.
Here is the previous day’s OVI chart for the S&P (today’s is still being calculated as I write this not…
Hi Everyone
Do not be concerned if you cannot find many or any decent patterns like neat flags right now.
The market is telling you something – that it’s temporarily sick, so you’re better to b…
Hi Everyone
Just a quick note to comment on the general market action right now.
Yesterday’s rebound is a natural reaction and I wouldn’t be surprised to see more wild gyrations for a few …
I know I don’t email and blog that much, and that’s because I only want to contact you when there’s something important to say.
If you read my email from 26 April you would have prepared yourself for …
Hi Everyone
By now you know my mantra:
“Trade What You See”
And still what we can see is a rising market with the OVI largely positive. This generally points to a contin…
Hi Everyone
Just another reminder of the most important lesson of trading …
“Trade What You See”
Remember Warren Buffett’s quote: “Forecasting tells you a lot about the forecaster…
Hi Everyone,
As you must know by now, my trading mantra is: “Trade What You See”.
Having an opinion can be very costly in trading and you’re always better off not having one! Just trade wh…
