Greed & Fear..... Greed & Fear.......
This is what drives the market. About 2 year ago I decided I wanted to learn more about Technical Analysis and really be able to know what the charts are telling me. I wasn't sold on the idea of using it as my only tool at that time but things are a changing! If your like me you find yourself listening to those two voices of Greed and Fear when involved in any stock trade.
Over my 2 years of scanning the internet for information about the technical indicators, I found so many of the sites got really in deep about the history and mathematics behind the indicators. I just wanted to know when they were telling me certain stocks were "oversold" or "overbought." I really just wanted to be able to forecast (not predict) a direction of a stock.
I consider myself at the intermediate level and always looking for more good information about the technical indicators and candle formations. I have some really nice books that I have come across that I want to share but now we have a great teaching tool!
There is one person I really follow a lot from another message board. He goes by the name of "ClayTrader" and has many years of using nothing to T/A for his stock trades. He has created a DVD as a teaching tool and I bought it recently. It's kinf of expensive ($150) but I felt it was worth the money.
His site also offers a "video blog" in which he describes what he sees in many charts. A lot of these charts are for the "penny" investor but the methods carry over very well on the Big Boards. I invite everyone to jsut take a look and see for yourself. I get paid nothing for this and only want to share the information so don't shoot the messenger. LOL
http://www.tradewithoutemotion.com/home
Here are some of the books I use as well:
http://www.safe-sure.net/store/merchant.mv?Screen=PROD&Product_Code=NEWTTT&Category_Code=FB&Store_Code=05
I hope you enjoy them as much as I do. Have a great week!
