Just discovered this thread- glad to see the efforts in charting education. I try to educate my friends whenever possible. I have been trading for many years, but only began reading charts and TA for the last couple. My profits have increased dramatically.
My vote for a future lesson would be volume breakouts(and breakdowns), and OBV. Also, a plug for Williams %R, it is fairly new to me, but in the short time I have studied it, it seems to be a very good leading indicator, particularly if used on a weekly basis.
If you have the time, a stock I follow (ECI) is exhibiting some bullish indications- AT, price breakout, incr. OBV, etc. Does this one look good to you, or perhaps a Bull trap? Reads from are any experienced charter are welcome.
BTW- NYSE short interest at an all time high (see CBS market watch). Great indicator for bullish times ahead.
Thanks in advance,
Terry W. |
