In two parts, here is my analysis of the leading indices and sectors of the market at the end of this week.
As always, if the videos below are too small to view here on iBC, then you can double-click the screens and watch them on YouTube.
__________________
[youtube:http://www.youtube.com/watch?v=rFk_E5RV5HU 450 300]r__________________
[youtube:http://www.youtube.com/watch?v=-ZmnndwQiEI 450 300]r If you enjoy the content at iBankCoin, please follow us on Twitter
I enjoyed the wrap up and I believe I’m starting to understand how to follow the market as opposed to prejudging it.
Thanks for watching and for the feedback, Hawaii.
Chess
Great Videos. You put it well in regards to waiting for some conformation of a change in the prevailing trend despite macroeconomic beliefs. The price action doesn’t lie. I am versed in Point and Figure charting but am learning more about candlestick charting thanks to you. Point and figure is good if your a longer term investor. However, it can neglect useful indicators like volume. Are there any books on candlestick charting or technical analysis that you would reccomend? Thank you.
ctb007,
Thank you for the feedback.
Definitely study this book and let me know what you think:
http://www.amazon.com/Technical-Analysis-Financial-Markets-Comprehensive/dp/0735200661
Chess
Thanks, I will definitley check it out.