Hi,
Adam Hewison here. I have just updated a new MarketClub Minute. To watch just click on the This Week's MarketClub Minute box on the right hand side of this page. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
The MarketClub Minute series is updated every Saturday by 10:30 am EST.
Enjoy,
I hope that you are wrong about the 500. I am a technical investor and I follow your video.
Dankasp,
Thank you for your feedback. Only time will tell, and 1000 things can happen between then.
All the best.
Adam
Now we know..
Adam,
The biggest problem in trading for me is when common buy/sell technical indicators give conflicting signals--e.g., MACD gives a sell signal, but RSI and Stochastics do not. You say you need to trade the signal with invariable discipline to be successful, but the problem becomes determining just what constitutes the "signal". Is the answer to take an "average" or "weighted average" of several well known technical indicators as THE trading signal, much as your website does in terms of the 3 day highs or lows, 20 day moving average, etc.?
Jim H.
Jim,
Thank you for your very insightful question. I think a lot of traders have the same challenge and that is using too many indicators. This in turn freezes their trading decisions because one signal does not confirm another signal.
I learned a long time ago about one trader or want to be trader who followed over 100 indicators. Needless to say he never traded because his 100 indicators never lined up ... is was an impossible proposition.
What I have found works best and that is to determine the major trend and then trade with that major trend. If the market is not trending it's best just to leave it alone.
I know this sounds very simple, but in reality most of the really good traders approach the market in very simple terms. You may want to watch our John Murphy interview as you'll find that enlightening.
All the best.
Adam
Hi Adam,
I would like to know what your technical opinion is about the fact that one group of stocks made their lows on November 24th and another on March 9th. I am wondering if this has any technical significance.
Also, I am wondering if you have an opinion on the angle of ascent and force of the recent rally in the S&P500. I understand that the fibonacci level looks like resistance and there is also chart resistance here.
Thank you for the fantastic videos! I am always waiting for your next one!
Alex,
Thank you for your feedback and your comments. It looks this morning like the S&P 500 has reversed back from resistance. It remains to be seen if this market is going to head straight down from current levels.
I expect we will see more of a two-way trading range. We are watching our weekly trade triangles to find a entry point.
It looks as though the Fibonacci levels we outlined in the video of once again worked well.
All the best.
Adam
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their was no video
Bob,
Thank you for your feedback. The problem may be on your end. You may have a very slow computer or you may be using a dial up access to the Web. If either is the case is going to be somewhat difficult to view this video.
Cheers,
Adam
Hi Adam,
Thx for ALL the vidoes. The minute videos are not in stereo, I'm using my earphones and hear you only on the left earphone which kind make me dizzy 🙂 just in case you didn't know.
Thx again,
Yuval.
I love your site...I have to go back to work. I learned much in 5 minutes.
You are the best Adam.
JoAnn
JoAnn,
Thanks for your feedback. Every success in your trading.
Best regards,
Adam
Now we know.."O" please.