Resistance Testing

7/22/08

This is testing blog but the charts are telling us something. The top one is 15mins TA analysis of S&P. Then it is daily chart of S&P.
Whether individual goal is long or short term, trading stocks are about making less mistake and must have a trading plan. Also, not just one trading plan. It needs time to develop vary trading plan to cope with different markets. Now, it is bear market. But market is trying making an intermediate bounce as of now. So, buy on good tip should be work fine. Technical Analysis is an art and it does work very well if you understand the mechanism. I am still a student of it. There is no end to learn TA. I am not using TA to predict market movement. It guides us and provide clearer picture ahead and be well prepared to react what market tell us. So, as an investors or traders, we have to learn how to react base on current data and make an adjustment quick enough to win over long term. Good luck trading to everyone. Welcome to write any comments especially if you like the charts. It does occupy time to make TA charts. Good luck trading.