So often friends of mine who know that I am involved in day trading will ask me about the cash flow or P/E ratio of a stock and how I use this in my online trading. I love the look they give me when I disclose that trading is not investing, and although I do [...]

The double top is not a bra size   If after a period of strength, a stock is unable to penetrate the area of resistance which has been formed on top and backs away moderately from the high points only to return after a short time and again tries to go through the first resistance [...]

Support and Resistance Levels Resistance is not futile!   A resistance level is just what its name implies, an area in which resistance to further advance or decline is evident.  Resistance levels are generally seen when the market is in what may be termed the marking time stage between important moves.  The market spends most [...]

Charts do indeed have their limitations. There are both good and bad elements. On the negative side is the adverse predisposition of more than a few traders who use a chart as a crystal ball instead of merely a tool. The trader must make the decisions not the charts. Although charts can signal opportunities with [...]

  Probably at no time in recent history of stock market trading has the volatility been so great with the possible exception of the infamous 1929 great crash period.  It is for this reason that utilizing charts has become so much more important in the decisions made by stock traders. So many new and experienced [...]