Posts Tagged ‘technical analysis’
Beginner’s Guide To Understanding Market Charts
You don’t need computerized technical analysis to understand market trends
Being able to “read” a market chart is a rare skill even among professionals. Most investors focus on “the fundamentals”: Things like unemployment numbers, earnings, Fed statements, etc. But just like a picture is worth a thousand words, a chart can tell you a lot about technical conditions of the market — at a glance.
Your Free Chance to Learn How to Forecast Markets Using Technical Analysis
EWI’s Senior Tutorial Instructor Jeffrey Kennedy gives you practical lessons — free
There are two camps of market analysts out there: the fundamental camp and the technical one. Fundamental analysts look at things like the GDP, unemployment, interest rates, etc. to make logical assumptions about where the stock market is going.
Technical analysts use none of that. They look at the market’s internals to gauge the trend: things like momentum, trend channels — and yes, Elliott wave patterns.
And this is your free chance to learn how they do it.
We’ve put together a free 54-page Club EWI resource for you, “The Ultimate Technical Analysis Handbook.” Below is a short excerpt from chapter 3. Enjoy! (For details on how to read this free report in full, look below.) Read the rest of this entry »
Slicing the Neckline: A Classic Technical Pattern Agrees with the Elliott Wave Count
In the August issue of his Elliott Wave Theorist, market forecaster Robert Prechter alerted readers that the U.S. stock market was slicing the neckline of a classic head-and-shoulders pattern in technical analysis, and that this may send the market into critical condition.
Prechter said that when the Elliott wave count and a head-and-shoulders pattern are saying the same thing about the stock market, it’s best to pay attention.
Here’s how the August issue of the Elliott Wave Financial Forecast, the sister publication to Prechter’s Theorist, described the head and shoulders pattern unfolding in the stock market: Read the rest of this entry »
Applying Elliott Wave Theory to Recent Trades
DJIA’s 200-Day Moving Average: Will the Dow stay above or below this demarcation line?
Moving averages are one of the most widely followed indicator in technical analysis. Simply put, when the price of an index or stock stays above a particular price moving average line on a chart, that price level serves as support — a level where buyers reside. If the price falls below a moving average line and “can’t” break through from the underside, this price level is a line of resistance — a price level where sellers hover. That’s an easy explanation of moving averages for you.
A commonly watched line is the 200-day moving average. Read the rest of this entry »