Market Cycles and Technical Analysis Part I

Have we reached the bottom yet? Is there light at the end of the tunnel? Garry Abeshouse takes a look at market cycles.

Everyone has questions
What’s going on? Have we reached the bottom yet? I am concerned for the future of our children. Is the White House really run by Goldman Sachs? Whom do you trust?

Technical analysis is designed to assist people who do not have all the answers and who would like to know more. It is intended to help us cut through the spin and show us snapshots of what is, rather than what is not. It is the many-faceted face of supply and demand in the market place, moving in and out of tops, bottoms, trends and cycles, and should be used as an adjunct to fundamental analysis – not as a substitute for it...

Excerpted from an article originally published in the Jul/Aug 09 issue of YourTradingEdge magazine. All rights reserved. © Copyright 2009, MarketSource International Pty Ltd.
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