Most traders know that we tend to be better in interpreting the left-hand side of charts, but it is the right-hand side that normally gives us problems. As we approach the traditionally weakest six weeks of trading in the year, from mid September to end October, coupled with the presidential election on November 8, I would like to share with you how you can benefit by buying into any sharp sell-off over this coming time frame.
The McClellan Oscillator (MO), one of the least known technical indicators, basically measures the internal readings of the US stock market. If the MO prints greater than +250 the stock market is overbought, while below -250 is an indication of an oversold market. This indicator, like most technical indicators that I follow, works best on the downside.
Many technical strategies are based on trend orientation and momentum. These are often sprinkled with a little bit of candlestick analysis, maybe some trendline or support and resistance levels and perhaps a little bit of “gris-gris” thrown in for good measure.
The purpose of this article is to acquaint you with a unique type of trading called Energy Field Trading™. Energy Field Trading (EFT) uses knowledge of the earth’s electromagnetic field to find trading opportunities. The best way to introduce EFT is with an example.
Churchill Downs, the first Saturday in May. Mint juleps, ladies in hats and a lifetime of money to be won or lost on the horses. Make no mistake, the smiles are all for show – everyone has an eye on the horses and a hand on their dough.
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