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Wednesday, 08/27/2008 10:33:57 PM

Wednesday, August 27, 2008 10:33:57 PM

Post# of 47
Is this where we talk about TA?

I'm a 'chartaholic' thru and thru. I LOVE reading charts. Been doing it for fifteen years. I was a Day Trader for many years and that's how I learned to read charts with many technical indicators. You can't Day Trade without good charts.

I combine TA and Fundamental analysis in my Swing Trading strategy. These days, you have to pay attention to the price of crude oil since it has such a big impact on the movements of the DJIA and S&P 500.

One of my favorite BUY signals is the 15MA/50MA crossover known as the 'Silver Cross'. Look at the two charts below to see that the DJIA and one of my favorite stocks (TSL) have both done a 'Silver Cross'. I find that interesting, because the market usually bottoms in October. It's been a strange year to say the least though. Could we really be at "THE" Bottom already. I hope so. I'm getting tired of Shorting!~lol





.....Smoke 'em!.....

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