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We focus on trading strategies that have historically given traders a significant edge when it comes to investing in the stock market. We have worked under and have been trained by some of the top investors of the past 25 years including WILLIAM O’NEIL(bestselling author and founder of investors... More
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Better Stock Entries
  • Is the Market Topping? Here's What the Charts are Telling Us 0 comments
    Apr 8, 2010 1:23 AM | about stocks: CREE, WDC, ISRG, JDAS, AKAM, BZ, SHOO, CSGS, VNR, ACF, GLD, MEND

    The market action on Wednesday was not good. We have been pointing out the lighter volume on the up days can suck you and beat you up. Today was another down day on higher volume and although we didn’t take on much damage, let this be a warning that those negative patterns are in place. Here is what has happened the past 3 times the heavy volume down days started to take over.
    Nasdaq heavy volume tops

    We did have some positive reactions to earnings reports  in the after markte which may lift stocks early on Thursday. This would be ideal since we can sit and watch if they fade the gap up in the morning, it could give us a solid indication of where this market is headed.

    S&P 500


     ACF has hit another new high


    GLD new highs for Feb 8 entry

    CSGS Had a nice ordely pullback into support. Needs to hold these levels

    VNR new highs

    BZ you never know which stock will do best but this paper company position of ours is up over 20% in 3 weeks

    SHOO new highs now up over 15% in 11 trading days

    If this market continues to pullback remember to keep your stops tight and don’t let gains turn into losses.

    We did have some nice earnings reports come out in the after hours which may lift stocks early on. This would be ideal since if they fade a gap up in the morning it would be time to close positions before a drop
    Closed trades



    No new Setups for Thursday until we get confirmation from the market



    Are you looking for stocks that make quick moves like this?

    Try our service for 7 days and get our daily stock chart report . TRY NOW


    Better Stock Entries

    Global Chart Analysis

    Disclaimer:Global Chart Analysis and ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading and may not be impacted by brokerage and other slippage fees. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those
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    Redondo Beach, CA 90277

    Disclosure: No Positions
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