Charts Give You the Edge

Dawn Bolton-Smith: Learning from the best in the business.

A good chart reader is the most independent person on the globe because he or she doesn’t have to rely on other people. The right charts, kept up-to-date, will provide most of the answers for financial survival. Opinions are talking the talk, but charts are walking the walk. It is amazing that YTE deadlines, which occur every two months, are usually at important pivot points in the market. The content in my column is as current as I can get it, and although a month has passed by the time YTE hits the newsstands, there is a wealth of information that you can act on almost immediately, and where those up-to-date charts will keep you on course.

Surprises have come into the markets mostly in the form of natural disasters, which of course affect financial markets around the globe. Many previous predictions have been blown away by changed circumstances and therefore the market will re-assess the areas most affected. The winds of change are always present and you have to be alert to take advantage of them as well as preserving capital. A week or two can make a tremendous dent in your net worth. To date it has paid to buy the dips – the more recent one in the Ides of March lows proved a testing time for many support levels...

Excerpted from an article originally published in the May/Jun 2011 issue of YourTradingEdge magazine. All rights reserved. © Copyright 2011, Your Media Edge Pty Ltd.
If you are a subscriber to YourTradingEdge magazine, you will receive this article in your May/Jun 2011 issue of YTE. If you are not a subscriber, click here to subscribe, or to purchase this issue as a single back issue, click here.

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