Recent content by luckyone581

I refer more to chart analysts that use support/resistance levels to trade. A chartist that uses support/resistance levels, knows his stuff, pinpoints his entry and exit points, and is faithful about following the guidelines of support/resistance, should never take a big loss. So it is...

This is certainly a hot topic at any time and one that brings strong opinions on both sides. I am a chart trader and rarely look at fundamentals as I believe the big traders (hedge and mutual funds, big money, etc.) will always have more and better fundamental information than I, as a small...

It is difficult to say that a double top has been formed on the daily and weekly chart as the index closed in April at 1217 and last month at 1226. A difference of 9 points is probably too much to consider as a double top. Nonetheless, on the monthly chart and considering that yesterday the...