How to Trade Stocks Using Charts
For the absolute basics about how to trade stocks click here - how to trade stocks onlineStock trading master is an interesting guy, his analysis of stock charts is easy to follow and a genuine education. He also tells you why you can't trust stock trading subscription newsletters (fairly obvious really but it bears repeating). Here are his ideas for the next week's trading. The markets are still in a downtrend and fell a lot last week ! So much so they made the news again.
Personally I have been waiting for the markets to drop back for a long time and maybe finally we will get it. One trader on CNCB said 1080 on the S+P is a key level and he expects us to see it soon. So keep an eye out for 1080 and then decide what to do next.
The markets in Europe appear to be bouncing yet again, but for how long, Greek is finally well on its way to defaulting so just what effect will that have on the markets? We shall see, but bear in mind that European politicians are totally hopeless, they haven't got a clue what to do and are just hoping their bank accounts will be OK and they might still be in a job when this whole mess finally works itself out.
