Friday, August 27, 2010

Scan for Chart Patterns

Here is a site I came across a year or two back called thegreedytrader.com. This site provides weekly technical analysis information on the stock market by way of scans, alerts and picks. They have a section called "Green List" or "Red List" which brings you to a page that lists stocks, based on certain criteria including trend patterns, for daily to yearly periods. If you see a stock on the list that you like you can click the plus sign to add it to your watch list. Also, you can download an excel sheet of the list. Under the Analysis menu, you can also do a "TA Search" in their "Advanced Technical Analysis Stock Market Screener". What is worth noting is that you can search for chart and candlestick patterns.
Now, of course you have to be a subscriber to take advantage of these services. They have a free subscription and a premium subscription. You have access to alerts and picks with the premium subscription. Again, the site is updated weekly basis not daily.

I am not a subscriber but maybe the site might help out someone. If you've learnt about chart patterns, compare that knowledge to what is presented and see for yourself if it line up. And compare the patterns with patterns from other sources for the same stock. You will increase your understanding of patterns even more.

http://www.thegreedytrader.com
I hope this helps. Happy Trading

Saturday, August 14, 2010

Patterns Discovered in the Nasdaq

Adam Hewison of MarketClub discovered a pattern in the NASDAQ that if it repeats "then it certainly is going to be a rough third and fourth-quarter for most investors." See video below.

UPDATE: Nasdaq 100 Index is now down to a MarketClub score of -65. This indicates a downtrend is in place.








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Friday, August 13, 2010

Market Makers Defined

This is an interesting youtube video by, TradingToTheMillion.com, on the role of the Market Makers in the market. Enjoy.



Click here for the Youtube Channel

Monday, August 2, 2010

"Worlds most Successful Trader"

I found this interview on trading-naked.com. It's an interview with the "the worlds most successful trader- Paul Rotter .. " Read and enjoy.

http://www.trading-naked.com/paul_rotter.htm

On a side note, Nasdaq 100 (NDX) score moved up to +70.
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