With the S&P 500 making new highs and as world equity markets following suit, the question becomes how high can we go?
In this short video on the S&P 500, I outline some mathematical upside target zones that I am looking at for this market.
You can watch this video with my compliments and there is no registration requirements. We would love to get your feedback about this video on our blog.
All the best,
ADAM
MarketClub triangles are great for spotting any trend using monthly,weekly and daily time frames, it is an amazing trading tool if adhered to and will keep a person on the most profitable side of the market. Just a thought for traders, regarding Fibonnacci tool,just draw from the first week of OCT/08 the highs of the 2 or 3rd strong bar down that looks ugly to the March 6 low and we have a 61.8 Fib retracement.That tells me the market will have a serious problem breaking 9200 on the DOW,without a setback near term.
Were not you using the same trade triangle technology when you predicted the market would go down in your video analysis dated April 19, 2009? What changed since then?
Mel,
Thank you for your feedback. I was not using the trade triangle technology when I made a statement on April 19 it was more of a market observation as our trade triangles were neutral at that time.
Subsequently our monthly trade triangle flashed a buy signal at 888.70 on May 4.
If you look on the charts using our Trade Triangles you will see exactly where we got in on the longside the market using this technology.
I hope this answers your question.
All the best,
Adam
Thanks for another great video. I have a question about trade triangles. It is my understanding that a monthly trade triangle is established when an equity reaches a new monthly high or new monthly low. On the SP-500 video it shows the S&P reaching a two month low in both actual and closing price, but the monthly triangle did not go negative. Is there something that I'm missing?
Mike,
Just because there is a two month low does not mean that a "Trade Triangle" will be issues, unless the price reaches the predetermined value set forth by the algorithm. It may be that the trigger price was set below the low of the two months you were looking at.
Best,
Lindsay Thompson
Director of New Business Development
INO.com & MarketClub
Adam-i surf the Internet every day-just found Market Club on Monday of this week. I check every new thing I see--never saw yours. Thanks for letting me view the videos free. I will join after August 6--new credit card cycle((not that it matters) but its just the way I like to do things. I will subscribe for the special 14 month deal. Thanks again--I will look for your material every day. Stephen Rimar