Chart Watch - Mar/Apr 09

By Dawn Bolton Smith.

Just one year after the top of the major bull market, economists and news reports are full of gloom and doom with predictions galore. Some will be right and some will be wrong. I suggest the best course of action for investors and traders is to watch the charts and use the indicators, which have combined to make a great score card for the bears.

My analysis in the Nov/Dec 2007 issue of YTE was entitled ‘Fasten Your Safety Belts’ and warned there would be more of the unexpected. It looked at the previous strategy of buying the dips, and the case for selling the rallies. I outlined the technical tools that had a good track record for providing signals in what was a major... Excerpted from an article originally published in the Jan/Feb 09 issue of YourTradingEdge magazine. All rights reserved. © Copyright 2009, MarketSource International Pty Ltd. If you are not a subscriber, click here to subscribe, or to purchase this issue as a single back issue, click here.

» 2012 MTA Symposium early registration opens

Early registration is open for the 2012 Annual Market Technicians Association Symposium!

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» Book Review - Sep/Oct 11

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