Discover whether stocks will go up this week-

by PHILIP BIRCHLEY on 2006-08-28 19:26:44

Hi,

Here's an article that I've written to help.. which is
basically about Interpreting Bar Charts + there's some funny vids at the top for a laugh..

http://www.clickaudit.com/goto/?32169

The opening price of a daily or a weekly bar usually illustrates the amateurs' view of value.

Research has shown that opening prices very often occur near the highs or lows of daily bars.

Prices tend to recoil later in the day from the extremes set early on by the buying or selling of amateurs.

The actions of professional traders are often reflected in the closing prices of daily and weekly bars.

They become especially active near the close, taking profits to avoid holding positions overnight.

In bull markets (meaning markets that are going up overall) prices often hit lows on Monday and Tuesday due to profit taking by amateurs and then rally to new highs on Thursday and Friday.

In bear markets (meaning markets that are going down overall) prices often make new highs for the week on Monday and Tuesday and new lows then occur on Thursday or Friday.

I hope this helps.

By the way - I hope you find the free vids at the top funny. - You could win $10,000+

Discover exciting and proven trading secrets over at http://www.clickaudit.com/goto/?32169

You can use this article as long as the links stay intact or you use
the destination link - which is http://www.wizardtrader.com

Thanks!

Phil.

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