Official MetaStock Blog

MetaStock U looks at ways to incorporate fundamentals into your technical analysis

2012-01-30T14:33:00.001-07:00

MetaStock SPRS Series - Week 53 - TechniTrader® Stock Discussion for MetaStock Users: XLNX - January 30, 2012
By: Martha Stokes C.M.T.

One of the things I try to teach my students is to realize that the technical side of analysis is simply the graphical view of what is going on with the fundamentals of a company. Institutions dominate the market and account for an estimated 70-90% of shares traded each day. What the institutions decide to buy or sell matters. It is therefore; always important to know the institutional ownership percentage of a stock to help you interpret the charts better.

Here is an example:

XLNX is in the electronics industry under the semi-conductor sector. It has about 98% institutional ownership right now. That means only 2% of the outstanding shares are owned by small lot investors or retail traders. This data is fundamental, some of the most important fundamental information, that is easily added to your technical analysis and increases your understanding and ability to interpret the price action without needing a degree in accounting or being a CPA. These are basic fundamentals that you should pay attention to.

Chart 1

There are 20-25 major institutions (mutual funds, hedge funds, and pension funds) that influence stock price action greatly. Although there are over 16,000 funds of various sizes and type, these top institutions are the ones that truly matter because all of the other funds chase the big funds.

TechniTrader® indicators are designed to expose when the giant funds are moving in quietly because these funds are using Dark Pools, Icebergs, and other quiet accumulation buying methods for their trades.

When a stock such as XLNX has more than 80-85% institutional ownership, this will affect how price behaves.

Knowing ahead of placing any trade what that percentage is at that time, can help you determine what price and volume action to check for to determine who is buying and who is selling.

Generally if the institutions own most of the outstanding shares, then some fund will be selling in order for buying to occur.

When a giant fund starts selling out at a fundamental resistance level, the selling can tip the price action to the downside. This is what happened on XNLX as it ran into the high of 2011. Funds started selling even as buyers came in on the good news. The exhaustion volume pattern warns that this was not only large lot institutions but also High Frequency Traders trading this stock on the millisecond scale during that day.

Other fundamentals that can be particularly useful to short term traders are:

Yearly highs pose fundamental as well as technical resistance levels, giving these highs extra resistance clout, especially in weaker market conditions. Many stocks that have very high institutional ownership can experience more severe corrections due to giant funds rotating out or selling off at least some of their holdings at yearly highs. Knowing this fact can help you mark these resistance levels to alert you to the higher risk of deeper retracements or corrections.
All-time highs are major fundamental resistance levels, especially if those years were big bear market years. XLNX’s all-time high was around 92. Currently this is not a factor, and it is actually a plus for XLNX because there is plenty of room for the stock to move up.

Stocks sometimes have very high institutional ownership percentages and still are great swing and momentum trades. The trick is to be aware of the giant funds and the risk of their profit-taking areas.

Retail traders tend to not use anything but technical analysis and although you can certainly trade with just technicals, if you incorporate a few of the simple fundamentals mentioned above in your chart analysis, you will find that you have a better understanding of what is going on behind the price and volume action.

Trade wisely,

Martha Stokes, C.M.T.
Member of Market Technicians Association
Master Rated Technical Analyst: Decisions Unlimited, Inc.
Instructor and Developer of TechniTrader® Stock Market Courses
http://technitrader.com
MetaStock Partner

©2012 Decisions Unlimited, Inc.

Disclaimer: All statements, whether expressed verbally or in writing are the opinions of TechniTrader, its instructors and or employees, and are not to be construed as anything more than an opinion. Student/subscribers are responsible for making their own choices and decisions regarding all purchases or sales of stocks or issues. At no time is any stock or issue on any list written or sent to a student/subscriber by TechniTrader and its employees to be construed as a recommendation to buy or sell any stock or issue. TechniTrader is not a broker or an investment advisor it is strictly an educational service.

Bollinger Bands in a Platform Market Condition

2012-01-24T08:50:00.001-07:00

MetaStock SPRS Series - Week 52 - TechniTrader® Stock Discussion for MetaStock Users: FFIV - Bollinger Bands in a Platform Market Condition - January 23, 2012
By: Martha Stokes C.M.T.

There is no doubt about it: sideways price action gives most traders headaches, weaker picks, and disappointing results. Learning to use the proper indicators during sideways markets is key to having strong profits in a sideways market.

Most traders lack good Spatial Pattern Recognition Skills and therefore, are at an extreme disadvantage in the platform market, which is a tighter sideways pattern than a trading range but not as tight as a consolidation. The platform often confuses traders and many try to swing trade platforms with whipsaw results.

The markets have shifted now as expected, to a platform market condition. You can see the rise in numbers of stocks that explorations pull up from the RSI, Consolidation, and Bottoming scans, which shows the shift from the Trading Range Market Condition to the Platform Condition.

Platform Building Markets are conservative markets where there are only a few of the 9 levels of market participants actively investing or trading the markets. These are periods when speculation is less and value-oriented investing rises.

For Technical Traders, this can be a big plus as it makes it easier to ride position style trades for several weeks yielding significantly higher gains than either daytrading or swing trading styles.

Position trading a platform market requires a modification to the indicators you should use. Momentum style indicators will give false signals and create plenty of whipsaw trades that can erode your capital as well as your confidence.

Instead, choose indicators that are suited for the dominant patterns of the platform markets.

One such indicator is Bollinger Bands.

Bollinger Bands are very popular and can be an additional tool to make stock pick selection faster, easier, and far more reliable, especially in a platform building market.

Prior to breakout moves from platforms, the price action tends to compress. Bollinger Bands can help you see these compressions before price runs or gaps out of the platform. By seeing these patterns early, both position traders and swing traders can enter before price moves.

FFIV has an excellent compression pattern.

Without Bollinger Bands, this compression is harder for most traders to see. By applying the Bollinger Bands and using TTVA, we can see that the stock is heading for a breakout pattern. This is a challenge of the recent highs of early 2011 spring.

Chart 1

By applying Bollinger Bands, we can clearly see the compression pattern over the past couple of days. Instead of a wider sideways pattern, we have a consolidation forming right at the recent tested highs of November.

The tighter the compression of the Bollinger Bands, the bigger the move.

FFIV is a watchlist stock for TechniTrader® students.

Chart 2

The weekly chart shows strong accumulation over the past couple of months since the bottom. Volume is biased to the upside. The sell down was swift and dominated by HFTs and pro trader large lot activity that evaporated very quickly as institutional investors moved in suddenly.

Let’s follow this stock over the next few days to weeks to see how it performs after this compression pattern.

Trade wisely,

Martha Stokes, C.M.T.
Member of Market Technicians Association
Master Rated Technical Analyst: Decisions Unlimited, Inc.
Instructor and Developer of TechniTrader® Stock Market Courses
http://technitrader.com
MetaStock Partner

©2012 Decisions Unlimited, Inc.

Disclaimer: All statements, whether expressed verbally or in writing are the opinions of TechniTrader, its instructors and or employees, and are not to be construed as anything more than an opinion. Student/subscribers are responsible for making their own choices and decisions regarding all purchases or sales of stocks or issues. At no time is any stock or issue on any list written or sent to a student/subscriber by TechniTrader and its employees to be construed as a recommendation to buy or sell any stock or issue. TechniTrader is not a broker or an investment advisor it is strictly an educational service.

Trading with the MetaStock RMO - Jeff Gibby

2012-01-20T10:13:00.001-07:00

Monitor JAN-FEB 12: Power User Tip

2012-01-19T13:53:00.000-07:00

MetaStock Power User Tip

Working with the Commentary in the Expert Advisor
Contributed by Breakaway Training Solutions

Using the Commentary in the Expert Advisor can be a great educational tool. To help you get the most out of it, watch this short 3 minute video for a couple of helpful tips.

http://www.learnmetastock.com/FreeStuff/FreeVideos/eaww/ExpertAdvisor-WorkingWith.html

For more MetaStock training, make sure to visit us at www.learnmetastock.com or email us at admin@learnmetastock.com.

About Kevin Nelson

Kevin Nelson is the founder of Breakaway Training Solutions, Inc. He has spent the last 17 years becoming an expert on MetaStock software and a serious student of technical analysis while working for MetaStock. Prior to joining MetaStock in 1993, Kevin was a stockbroker for a well-known NYSE firm. In his role as Sales Manager at MetaStock, Kevin interacted extensively with MetaStock customers via phone, webinars, and public appearances. His experiences while working at MetaStock have enabled him to gain a keen understanding of the needs of technical analysts worldwide. While with MetaStock, Mr. Nelson was a featured presenter for four years. During this time, he traveled the U.S. introducing the MetaStock program to thousands of people and teaching them how to use its many features. His easy-to-understand approach is considered by many to be the best in the industry.

©Breakaway Training Solutions, Inc. 2012

Monitor JAN-FEB 12: Support Tip

2012-01-19T13:48:00.001-07:00

Support Tip

Why are my candles colored incorrectly?
Contributed by MetaStock Support
The up and down color options in the price properties windows is not based on the same open/close relationship that governs candlesticks. Candlesticks are solid (black) if the open is more than the close and hollow (white) if the open is less than the close. The price bars are colored by the properties window as up if the current close is more than the prior close and down if the current close is less than the prior close. If you want to have candles colored differently, you will need to use an expert with different highlights setup for white and black candles.
You can do this with an Expert Advisor as follows:

1) Start MetaStock.

2) Display a candlestick chart.

3) Click "Tools" and then "Expert Advisor".

4)Click New.

5) Click the Name Tab. Type "Candlestick Color Change" into the Name Field.

6) Click the Highlights Tab. Click New.

7) Type "UP CANDLE" into the name field. Set the color to green. Type "C>O" into the condition field and click OK.

8) Click New again. Type "DOWN CANDLE" into the name field. Set the color to red. Type "C

9) Click OK and close the Expert Editor menu.

10) Now, you can attach this expert advisor to any Candlestick Chart in MetaStock. Simply right click anywhere on the chart and select Expert Advisor, then Attach.

11) Select the Candlestick Color Change Expert and click OK.

12) Your candlestick chart should display candlesticks in red and green.

Monitor JAN-FEB 12: Main Article

2012-01-19T13:45:00.000-07:00

Mysteries of Trader Tax Status

Contributed by Jim Crimmins

Just because you call yourself a securities trader doesn’t make you one in the eyes of the Internal Revenue Service.

In fact, Uncle Sam is predisposed to consider you merely a hyperactive investor—and thus deny you a more favorable tax status—unless you meet a number of criteria that are frustratingly open to interpretation.

You read that right: the tax code contains no actual definition of trader tax status.

Instead, the IRS has issued guidelines the tax courts have expanded upon with case law, most of which denied tax appeals by traders.

What we’re left with is a blurred image, like a photograph of a trader taken from a speeding car.

According to the IRS, to qualify as a trader:

• You must seek to profit from daily market movements in the prices of securities and not from dividends, interest or capital appreciation;
• Your activity must be substantial, and
• You must carry on the activity with continuity and regularity.

To help determine if you meet these three tests, the IRS considers these qualifiers:

• Typical holding periods for securities bought and sold;
• Frequency and dollar amount of trades during the year;
• Extent to which you pursue trading to produce income for a livelihood, and
• Amount of time you devote to the activity.

Swoosh, right? What is “substantial” activity? “Continuity and regularity?” And what’s an acceptable holding period? Is a week too long? A month?

We know who investors are: They’re our hardworking neighbors who buy securities and hold them for such long-term goals as a college fund or retirement.

Traders, on the other hand, buy and sell securities solely to take advantage of short-term market changes. Your profits come from price swings, not dividends and interests. Since your holding period is brief, often a day at most—hence the term “day trader”—there’s no need to perform due diligence on the companies you trade.

Who cares how the IRS classifies you? You do!

Investors are subject to the 2% threshold for deductible investment expenses — and hence cannot write off most of their expenses—and are limited to a $3,000 capital loss deduction.

But as a trader, you write off 100% of your expenses, and if you elect the mark-to-market accounting option, you can offset all of your losses against your earned income.

Three Steps to Claim and Protect Your Trader Tax Status

Step 1: Prove beyond doubt you are a bona fide trader — that is, you “seek to profit from daily market movements.”

The best way to accomplish this is by showing a pattern of high trading volume and short holding periods. Keep your personal investments well separated from your trading business. The IRS is looking for “earnest intent;” that is, you work diligently to manage transactions, conduct strategy sessions and make frequent trades.

Step 2: Clear the “substantial activity” hurdle.

The hallmarks the feds are looking for here are “frequent, regular and continuous” trading. That means volume. One court case ruled that 330 trades a year was sufficient to warrant trader status. The feds need to know that you approach this as a business, not a hobby. Fail to convince them of that and you’re back in investor-land.

Step 3: Trade with “continuity and regularity.”

If you want trader tax treatment, it only stands to reason that you must actually be in — and remain in — the business of trading.

Here’s where the IRS is looking for a healthy flow of trades, significant dollar amounts, short holding periods — all the signs that you are at least attempting to make a living as a trader.

If you take the summer off or show other gaps in your trading, the IRS will be disinclined to grant you trader status. If you’re a newbie and flame out after nine months, while it seems unfair, the IRS has made it clear: no trader status for you.

Once you obtain trader tax status, you’re not entirely in the clear. Owing to the capricious nature of appellate rulings and the ever - evolving tax code, there are no guarantees the trader status you enjoy today might not be gone tomorrow.

One good way to secure your trader status is to trade under the umbrella of a business. That’s not only where the most lucrative tax advantages reside, but a legal entity such as a general partnership, Limited Liability Company or C corporation sends a strong message to the IRS that yours is an earnest and legitimate business enterprise worthy of trader tax status.

My recommendation is for you to maintain a day timer devoted completely to tracking the amount of time you spend each day on your trading activities. If you are audited by the IRS chances are it will be two or three years after you have filed your taxes. The day timer will service as proof of how many hours you spend each week on your trading activities.

About Jim Crimmins

Jim has become a nationally known speaker on tax strategies, entity structuring, and lifestyle change. He delivers over 30 talks a year throughout America as well as speaking in several chat rooms each month. You can learn more at TradersAccounting.com.

Price Action on WLK

2012-01-18T15:16:00.001-07:00

MetaStock SPRS Series - Week 51 - TechniTrader® Stock Discussion for MetaStock Users: WLK - January 16, 2012
By: Martha Stokes C.M.T.

This week we are going to study the price action on WLK.

WLK has already moved up with velocity that is ending soon.

When swing and momentum traders find these stocks after they have already moved up, they often get discouraged or frustrated. But instead of getting irritated that you missed a great run, simply put the stock on a swing style watchlist and keep an eye on it for a few weeks. More often than not, stocks that ran with momentum once will do so again, once the resistance has been overcome.

I chose WLK to discuss and analyze this week because of the way it had moved.

Chart 1

On January 9th it formed a small springboard with rising volume and improving institutional indicators. Then, it moved up 3 days in a row with accelerating volume and price gains. The first 3 days of this run were velocity then on that 3rd day, the stock closed off of its high. You can see that volume formed what is called an “exhaustion pattern.” This is when volume hits the top of its chart after a fast velocity run. There tends to be profit-taking whenever this pattern forms.

Now, let’s also look at the way price ran so you can learn how to identify these patterns before they start running and get in early for the ride up.

Chart 2

The stock had formed a nice inverted modified H&S bottom with intermittent quiet accumulation. The stock also tested the highs of the bottom several times:once at the end of November with a common gap that filled easily, then again in early December with another common gap, and more gaps that filled in December.

Then, it retested the first support level out of the bottom, the highs of the neck. These held easily because sellers had lost dominance and the buy side was in control. The stock formed a short term round bottom to complete the intermediate term bottom. As it advanced on the highs of that resistance for a 4th time, the price patterns had changed.

The patterns were more consistent, volume was consistent, the candles were tightly bunched as sellers tried to sell down but lost intraday. The candles were steadily gaining toward the highs of the prior resistance and volume was building. There was plenty of energy beneath that price action.

This time, there were no false starts created by common gaps. The buying was consistent and not speculative as the run began.

The steady surge of buyers was followed by more buyers. Sellers gave way under the buying pressure.

A few things warned of the stock starting to lose steam, which required a tighter intraday stop loss to protect more profits than a regular swing style stop loss.

1. The stock closed lower in price in the 3rd day.
2. The stock’s angle of ascent was vertical and had run for 5 days.
3. A volume exhaustion pattern had formed.

With this information as a swing or momentum trader, it was time to switch to intraday support stop losses.

The final white candle overlaps due to profit-taking by some short term traders. Another tight stop loss OR a sell to close is now the choice a trader needs to make. With another exhaustion pattern on volume, and with it closing even lower than the prior day, the risk of profit-taking by large lots, which could topple the vertical angle of ascent quickly, means it is time to consider taking profits and moving on to the next momentum/velocity run.

Trade wisely,

Martha Stokes, C.M.T.
Member of Market Technicians Association
Master Rated Technical Analyst: Decisions Unlimited, Inc.
Instructor and Developer of TechniTrader® Stock Market Courses
http://technitrader.com
MetaStock Partner

©2012 Decisions Unlimited, Inc.

Disclaimer: All statements, whether expressed verbally or in writing are the opinions of TechniTrader, its instructors and or employees, and are not to be construed as anything more than an opinion. Student/subscribers are responsible for making their own choices and decisions regarding all purchases or sales of stocks or issues. At no time is any stock or issue on any list written or sent to a student/subscriber by TechniTrader and its employees to be construed as a recommendation to buy or sell any stock or issue. TechniTrader is not a broker or an investment advisor it is strictly an educational service.

"Mastering Fear by Developing Internal Discipline" Webinar Recordinig

2012-01-15T15:03:00.001-07:00

By incorporating high quality indicators that expose analysis not commonly used by most retail traders, you avoid the trap of the popular indicators.

2012-01-09T11:02:00.001-07:00

MetaStock SPRS Series - Week 50 - TechniTrader® Weekly Discussion for MetaStock Users: SFY - January 9, 2012
By: Martha Stokes C.M.T.

One of the things I try to do with my students is to introduce them to indicators that are superior to the popular indicators many traders use. Just because an indicator is promoted heavily and is available on every charting system, doesn’t mean it is the best indicator. All that means is the indicator is at risk of over use.

By incorporating high quality indicators that expose analysis not commonly used by most retail traders, you avoid the trap of the popular indicators.

The trap is that extremely popular indicators are over used, and in many instances used by an automated trading system such as a red light/green light system and that becomes a big risk for the High frequency Trading formulas and Quant formulas.

HFT formulas plow through millions of data from the market looking for anomalies they can exploit on a very short term basis. Since these trading firms are trading on the millisecond scale, any surge of orders that bundle together are likely to be flag by these formulas.

If you use a popular indicator that hundreds of thousands of other traders are using for an entry, as an example, then you run the risk of getting caught up by these lightning fast trades.

The result is often a whipsaw intraday trade or a whipsaw swing trade.

In addition, when too many traders all trade exactly the same way, anomalies cause abnormal activity for brief periods of time. If you have ever been in a trade and get whipsawed, it isn’t market makers, its formula traders taking advantage of the order flow.

One indicator that is extremely good but seldom used by retail traders is Wilder’s RSI. It is known as a momentum price oscillator but it really has far more uses than mere overbought or oversold patterns.

Chart 1

In the above chart you will see the RSI/RSI that TechniTrader developed specifically for MetaStock users. This is a hybrid RSI that gives you the ability to study price action in a totally new way.

Instead of a high and low range oscillator, this indicator has the floating center line that gives you earlier signals that regular oscillators while also exposing strengthening price action in a consolidation or platform pattern.

Since the market moves sideways often, identifying the strengthening of price within the sideways pattern is crucial.

TechniTrader® RSI/RSI tells you:

1. When price is compressing prior to a breakout
2. That price is gaining momentum even while it is still in a tight sideways pattern
3. That a bottom low has occurred
4. That the overall pattern is poised to move suddenly
5. When price is weakening in a platform

Using this indicator instead of stochastic, or price rate of change, or other price oscillators can significantly improve your stock pick selection.

This indicator also works well in an exploration to help you screen down a smaller list of stocks.

RSI/RSI is currently showing higher lows and has moved above the floating center line even while this stock remains in a sideways pattern. The ability to see price gaining momentum early on is important for swing, day, intraday, and momentum traders. It can also be a big help to position traders as well.

Trade wisely,

Martha Stokes, C.M.T.
Member of Market Technicians Association
Master Rated Technical Analyst: Decisions Unlimited, Inc.
Instructor and Developer of TechniTrader® Stock Market Courses
http://technitrader.com
MetaStock Partner

©2012 Decisions Unlimited, Inc.

Disclaimer: All statements, whether expressed verbally or in writing are the opinions of TechniTrader, its instructors and or employees, and are not to be construed as anything more than an opinion. Student/subscribers are responsible for making their own choices and decisions regarding all purchases or sales of stocks or issues. At no time is any stock or issue on any list written or sent to a student/subscriber by TechniTrader and its employees to be construed as a recommendation to buy or sell any stock or issue. TechniTrader is not a broker or an investment advisor it is strictly an educational service.

"There is often a decided shift of power from sellers to buyers that clearly defines the end of a downtrend and the beginning of a bottoming action."

2012-01-04T09:25:00.001-07:00

MetaStock SPRS Series - Week 49 - TechniTrader® Weekly Discussion for MetaStock Users: MDT - January 2, 2012
By: Martha Stokes C.M.T.

There is often a decided shift of power from sellers to buyers that clearly defines the end of a downtrend and the beginning of a bottoming action.

Most traders miss these subtle cues that the sell side has lost its downside dominance. This means that many traders end up in sell short positions that quickly become losing trades and often big losing trades.

Chart 1

One of the reasons TechniTrader® developed specific indicators just for MetaStock was to provide MetaStock traders with a set of tools that exposed things the common popular indicators do not. This is one of those instances.

TechniTrader® Quiet Accumulation TTQA clearly defines the end of the selling and the commencement of a bottoming pattern. Also red and green volume bars make it far easier to see whether the buy side or sell side dominates. Often in trading range markets, which has been the condition of the markets for several months now, stocks shift quickly from selling down to bottoming.

If you are a day, intraday or swing trader, recognizing the shift from sell side to bottoming is crucial to your success as a short term trader.

This allows you to identify early on when major shifts of sentiment have occurred.

The other indicators that can really help you identify the shift of power from sell side to buy side are the TechniTrader® Flow of Funds TTFF, and the TechniTrader® Volume Accumulation TTVA. Both below had an overextended downside pattern which precedes a shift of sentiment. These indicators moved in advance of price, angling upward even before price moved up.

Chart 2

MDT has sufficient target points gain potential for a candidate for a position style watchlist. It has not completed the bottom yet, but price is compressing.

Chart 3

And finally in a bottoming stock, you do not want to use stochastic but RSI instead. Stochastic is a good indicator for trading range bound stocks but is not the correct indicator to use when stocks are bottoming.

Switching to RSI allows you to see and monitor the improvement of price in a bottoming condition which is key to determining whether the bottom will move up and complete, or if it will continue sideways for a while longer, OR if the stock is going to retest the lows of the bottom.

RSI/RSI is a TechniTrader® indicator that provides 2 lines which makes it far easier to read RSI than the normal 1 line indicator.

We can see that the shorter RSI has risen above the longer RSI but that it is flat right now.

Using the correct indicators for the current market condition helps you make better stock pick selection, faster, with more reliable results. Always use the appropriate indicators for the market condition that is present at the time you are trading.

We have moving out of a trading range market condition into a platform market condition at this time.

Trade wisely,

Martha Stokes, C.M.T.
Member of Market Technicians Association
Master Rated Technical Analyst: Decisions Unlimited, Inc.
Instructor and Developer of TechniTrader® Stock Market Courses
http://technitrader.com
MetaStock Partner

©2012 Decisions Unlimited, Inc.

Disclaimer: All statements, whether expressed verbally or in writing are the opinions of TechniTrader, its instructors and or employees, and are not to be construed as anything more than an opinion. Student/subscribers are responsible for making their own choices and decisions regarding all purchases or sales of stocks or issues. At no time is any stock or issue on any list written or sent to a student/subscriber by TechniTrader and its employees to be construed as a recommendation to buy or sell any stock or issue. TechniTrader is not a broker or an investment advisor it is strictly an educational service.

"Were you surprised by the sudden huge move in the stock market this last week?"

2012-01-04T09:22:00.001-07:00

MetaStock SPRS Series - Week 48 - TechniTrader® Weekly Discussion for MetaStock Users: EAT - December 26, 2011
By: Martha Stokes C.M.T.

Were you surprised by the sudden huge move in the stock market this last week?

If you had been using the right indicators and analysis of the market you would have known in advance that a big upside momentum move was about to happen.

The trick is to have a method for tracking the quiet accumulation from the institutional investor. At TechniTrader® we have developed a very easy method using 4 Market Condition Scans.

These scans pull up stocks based on various criteria that tells you which of the 8 market participant groups are dominating the trading or investing activity.

Whenever there is a surge of Institutional Investor activity, especially if this activity occurs on quiet market days, a surge of buying follows within a few days to a week.

Knowing in advance that a big move is coming allows you to enter stocks with confidence and be in the stock before it runs or gaps up with big one day gains.

In volatile or choppy markets being prepared and ready for sudden big momentum moves is critical for all short term traders.

Day traders, swing traders, and options players must be ready to trade ahead of the price action especially when the indexes and averages are reacting to news and events and are highly volatile intraday.

By having the right information at hand, and by not listening to the news which is ALWAYS lagging, a trader can anticipate when the market is about to move with momentum and which direction it will move.

Chart 1

EAT had a nice run, then a resting day but finding this stock now, is not ideal. The entry was the springboard as institutional investors moved in quietly before the big move. Traders who use TechniTrader scans were able to see the surge of quiet accumulation which doesn’t occur on the Dow 20, S&P500 or NASDAQ until after the institutions are already in the positions.

This occurs because of the way that the major market participant groups buy and sell stocks. The two major groups you need to track every day are:

1. Institutional Investors
2. Institutional Traders

When you start tracking these two huge trading activity groups, you will be able to prepare ahead of time for the big momentum runs. This means higher profits on your short term trading picks.

Trade wisely,

Martha Stokes, C.M.T.
Member of Market Technicians Association
Master Rated Technical Analyst: Decisions Unlimited, Inc.
Instructor and Developer of TechniTrader® Stock Market Courses
http://technitrader.com
MetaStock Partner

©2011 Decisions Unlimited, Inc.

Disclaimer: All statements, whether expressed verbally or in writing are the opinions of TechniTrader, its instructors and or employees, and are not to be construed as anything more than an opinion. Student/subscribers are responsible for making their own choices and decisions regarding all purchases or sales of stocks or issues. At no time is any stock or issue on any list written or sent to a student/subscriber by TechniTrader and its employees to be construed as a recommendation to buy or sell any stock or issue. TechniTrader is not a broker or an investment advisor it is strictly an educational service.

Why to Trade like a Business...

2012-01-03T12:40:00.001-07:00

Our most viewed YouTube Video of 2011...

2011-12-16T10:06:00.002-07:00

A First-Hand Demonstration of the MetaStock RMO - Presented by Rahul Mohindar

2011-12-14T21:54:00.000-07:00

Studying Consolidations in Detail...

2011-12-13T09:43:00.001-07:00

MetaStock SPRS Series - Week 46 - TechniTrader® Weekly Discussion for MetaStock Users: EME - Studying Consolidations in Detail - December 12, 2011
By: Martha Stokes C.M.T.

Today we are going to study consolidations in more detail.

Consolidations are the basis for most swing, day, and momentum energy moves. It is therefore important to recognize the difference between a strong consolidation, a weak consolidation, and a tiny run that may look like a consolidation but is actually not one.

In this discussion, we are going to study a consolidation that stepped down then formed a long white candle. These patterns are often “gottcha’s” for retail traders who assume a downtrend or sell short opportunity is present when in actuality, other factors are causing the mild retracement.

EME on the chart below has a solid consolidation for the past 4 days. It ran up with 2 gaps and settled in to consolidate just below the previous short term highs in mid October.

Chart 1

This pattern is called a “resting phase” which means the stock is resting after moving up quickly.

Stocks that rest rather than retrace immediately often have strong energy behind them.

Often these patterns form during quiet accumulation periods with large lot institutional investors or traders.

The consolidation is nice and horizontal without any up or down action that would be a tiny run. It is building energy. Green Volume bars are stronger than the red volume bars.

Yet the next day it forms a broken step, with a surge of red volume or downside volume. Novice traders using the broken step sell short entry signal would immediately jump into a sell short position because they are not studying all of the areas of the chart that need to be analyzed.

Chart 2

The next day the stock moves down a small amount and the sell short trader is excited that they are in a good selling down trade.

Chart 3

Then comes the “gottcha” the next day. A big white not only wipes out scant sell side profits, it nets the trader a loss on the trade.

Chart 4

So what went wrong? Why was the sell signal and volume not enough to determine a sell short trade?

First, you have 2 common gaps on the initial run up prior to the resting phase consolidation. Those gaps are common, common gaps fill easily. So the move down was mostly a fill the gap scenario NOT a shift of sentiment.

Buyers, big lot buyers had been moving into the stock at the gap level. So as the stock dropped to their bracketed controlled entry price range, their orders were automatically triggered and the stock ran up that day.

Notice that the white candle remains contained within the original range between the low of the gap and the high of the consolidation. This is large lot activity triggered by their price range being hit.

We often see a good setup with a resting phase consolidation that then turns down weakly for a day or two only to move right back up.

This is because in these resting phases of consolidations, the buy side is usually in control. We have seen many of these patterns of late and too often retail traders are caught on the wrong side of the trade, selling short, OR they panic after buying into the stock, sell in panic, and then watch the stock recover as soon as they are out of the trade.

Trading profitably takes more than an indicator crossover, or buy signal, you need to really study what has occurred recently and take that into consideration as well.

You need to know who is buying, who is selling, and why the consolidation formed in the first place.

Then you will know the true breakout direction for that consolidation.

Trade wisely,

Martha Stokes, C.M.T.
Member of Market Technicians Association
Master Rated Technical Analyst: Decisions Unlimited, Inc.
Instructor and Developer of TechniTrader® Stock Market Courses
http://technitrader.com
MetaStock Partner

©2011 Decisions Unlimited, Inc.

Disclaimer: All statements, whether expressed verbally or in writing are the opinions of TechniTrader, its instructors and or employees, and are not to be construed as anything more than an opinion. Student/subscribers are responsible for making their own choices and decisions regarding all purchases or sales of stocks or issues. At no time is any stock or issue on any list written or sent to a student/subscriber by TechniTrader and its employees to be construed as a recommendation to buy or sell any stock or issue. TechniTrader is not a broker or an investment advisor it is strictly an educational service.

How to Choose Your Strategy...

2011-12-09T12:50:00.001-07:00

How to Choose Your Strategy: Part one. Presented by Nicole Wachs of TradeKing

Originally presented on 12/8/11

During the first segment of this popular four-part webinar series, Nicole covers underlying stock analysis and news events. Parts 2, 3 and 4 will focus on critical aspects of options trading. Part 2 continues with determining your outlook on implied volatility and part 3 demonstrates how to align your outlook with the option greeks. In part 4, Nicole will bring everything together and provide a time saving tool to whittle down 40 option strategies to two or three potential candidates.

Nicole Wachs is TradeKing's director of education, where her goal is to provide the best content possible in order for TradeKing clients to become better traders and investors. Prior to TradeKing, Nicole was an Option Specialist, Market Maker and Trainer for Goldman Sachs, trading options, equities and index products as a member of both the American Stock Exchange and the International Securities Exchange. Nicole has been quoted in Bloomberg, SmartMoney magazine, Barron's and other publications, and appeared on Fox Business News and CBOE.com. She holds a Series 7 license and has formerly held the Series 3, 55 and 63 licenses.

MetaStock U - Watchlists are a Trader's Quick Stock Pick Resource

2011-12-05T09:34:00.001-07:00

MetaStock SPRS Series - Week 45 - TechniTrader® Weekly Discussion for MetaStock Users: CONN "Watchlists are a Trader's Quick Stock Pick Resource" - December 5, 2011
By: Martha Stokes C.M.T.

Often times traders will ask me how to streamline their stock pick selection process. To many times I hear traders say they are spending many hours trying to find stocks to trade for the next day.

Trading shouldn’t consume your life, even if you are retired or doing it full time as a career. Remember that every hour you spend trying to trade or find stocks to trade is costing you money. Your time is money. Consider how much your hourly wage is or was, then think about how much time you spend on trading. Then think about the amount of money you put in your account as profits versus the hours you have spent. Are you really making money? Or are you doing this for a hobby?

Your profits should equal the same or better hourly rate as your prior profession. If not, you are doing several things incorrectly. You are making common mistakes that drag retail traders down into the trading bog without them even realizing it.

One thing you must learn to do is to make everything about trading efficient, time constructive, and cost effective. Trading as a career is a business so treat it like a business. If you are trading as a hobby and are not serious about making money, then you don’t need to read any further because I have nothing that can help you.

Let’s talk about WATCHLIST.

A watchlist is a SMALL list of stocks that you watch for an upcoming entry. Watchlists are critical for all trading styles: day trading, swing trading, momentum trading, position trading, and yes even long term investing.

Building a good watchlist requires understanding what you are doing in terms of your trading style. Often times traders are simply meandering about trying to find a stock to trade that will make money rather than being organized, structured, and have a complete process for trading step by step.

The watchlist we are going to discuss today is for very short term trading, either swing or momentum. Often times stocks will show up that are already moving in a run up or a run down and the entry is not ideal. The risk to reward ratio is not sufficient to net good profits.

Most traders get frustrated, irritated, or despondent as they see stocks running while they are not in the run. Instead of getting upset, put the stock on your swing trading watchlist.

Then wait for the retracement and enter at the better entry where the R/R is significantly higher.

By taking a few minutes to put a stock symbol on your watchlist, you are saving time. You now have a stock you know is moving, and you can watch for a better entry which lowers your overall risk.

During momentum and velocity market conditions, watchlists for short term trading are crucial as runs move so quickly you must have your stock picks ready to go before they start the run.

CONN is a good example of a stock that would be something to consider for a Swing style watchlist. It has accumulation going on, is moving in a peaks and valleys trendline pattern, and has plenty of upside run gain potential.

Right now it is overextended with a long wick and is near a bottoming resistance level. But this stock has clearly shown lively action of late. So it is a watchlist candidate.

Chart 1

Trade wisely,

Martha Stokes, C.M.T.
Member of Market Technicians Association
Master Rated Technical Analyst: Decisions Unlimited, Inc.
Instructor and Developer of TechniTrader® Stock Market Courses
http://technitrader.com
MetaStock Partner

©2011 Decisions Unlimited, Inc.

Disclaimer: All statements, whether expressed verbally or in writing are the opinions of TechniTrader, its instructors and or employees, and are not to be construed as anything more than an opinion. Student/subscribers are responsible for making their own choices and decisions regarding all purchases or sales of stocks or issues. At no time is any stock or issue on any list written or sent to a student/subscriber by TechniTrader and its employees to be construed as a recommendation to buy or sell any stock or issue. TechniTrader is not a broker or an investment advisor it is strictly an educational service.

MetaStock U - "Indicator Extreme Patterns when Selling Short"

2011-11-28T14:51:00.001-07:00

MetaStock U Article SPRS Series - Week 44 - TechniTrader® Weekly Discussion for MetaStock Users: SWKS "Indicator Extreme Patterns When Selling Short" - November 28, 2011
By: Martha Stokes C.M.T.

Last week we talked about failed oscillator patterns. This week we are going to discuss indicator extreme patterns when selling short.

Right now the market is moving down due to overseas selling and concerns about the Euro risks.

Selling Short in this kind of market condition allows you to take full advantage of all of the trading opportunities available in stock trading.

Selling short however is not just a mirror opposite of buying long. Once again, the Market Participant groups and who is in control of price makes a difference on how price moves, how indicators behave, and how you should enter and exit a stock.

Your goal should be consistent profitability over time. Most traders settle for inconsistent results that at the end of the year end up being either a tiny profit or a loss for all the time and effort you put in.

Let’s take a look at an extreme pattern on TechniTrader® indicators for MetaStock.

We have SWKS which has been in a downtrend since early 2011. It had an acceleration of selling over the past few days. The angle of descent is at an extreme and the number of down days exceeds the normal number for this stock.

But the truly telling signs are what is occurring with key indicators.

Chart 1

TechniTrader® Volume Accumulation TTVA and TechniTrader® Flow of Funds TTFF are at the lows of their respective charts. These are extreme patterns, indicating an oversold condition. TechniTrader® RSI/RSI, the appropriate price oscillator for these market conditions is within striking distance of its lower line and the angle is steep.

TTVA and TTFF are lower on the chart, at extreme lows well beyond the lower range for both indicators. This means this stock is way into oversold territory.

The TT RSI is hovering just above an extreme reading.

Chart 2

The risk is not that the stock won’t move down another small amount BUT that when it bounces and moves up, the bounce could either be a gap, or a big early morning run either of which would wipe out most of the profits of this lower end trade.

All that needs to happen to have a gap or long white form is some good news before market opens. Since this holiday was a sell down prior to the holiday and on the half day Friday, this increases the risk of a bounce for stocks selling down into extreme oversold territory.

Extreme indicators warn of an impending bounce or run up. The support level is shown on the weekly charts.

The goal is to exit a swing trade BEFORE the bounce or run up, not after the bounce has occurred.

Chart 3

The proper exit day to insure control over the exit price was Friday, holding until Monday in hopes of another half point to point gain on this trade is gambling. The indicators were already into extreme mode.

To risk many points to gain possibly half a point is simply poor trade management.

Watching the indicators, calculating risk versus profit potential based on support levels, and exiting the trade while it is moving down is the ideal way to exit a swing trade sell short.

Summary: We have a different market structure than we had even a few years ago. Without the uptick rule, sell side action goes into extreme mode very quickly. Being able to see the patterns and exit as the stock is continuing to move down but is in an extreme mode is the proper way to capture profits.

Otherwise you will be frantically trying to get out of the trade while the markets run up.

Sure, this trade could go down a bit further, but the risk exceeds the profit potential. Always trade with the profit potential at 3/1 or 4/1 ratio.

Trade wisely,

Martha Stokes, C.M.T.
Member of Market Technicians Association
Master Rated Technical Analyst: Decisions Unlimited, Inc.
Instructor and Developer of TechniTrader® Stock Market Courses
http://technitrader.com
MetaStock Partner

©2011 Decisions Unlimited, Inc.

Disclaimer: All statements, whether expressed verbally or in writing are the opinions of TechniTrader, its instructors and or employees, and are not to be construed as anything more than an opinion. Student/subscribers are responsible for making their own choices and decisions regarding all purchases or sales of stocks or issues. At no time is any stock or issue on any list written or sent to a student/subscriber by TechniTrader and its employees to be construed as a recommendation to buy or sell any stock or issue. TechniTrader is not a broker or an investment advisor it is strictly an educational service.

MetaStock Monitor NOV-DEC 2011 Issue...

2011-11-21T16:40:00.001-07:00

In this issue:

Candlestick Signals - Making Trend Analysis Easy
QuoteCenter - TAS - Letter Definitions
Disappearing Chart

Main Article

Candlestick Signals - Making Trend Analysis Easy

Contributed by Stephen Bigalow

Trend analysis can be very simple when utilizing the inherent benefits built into candlestick analysis. The visual aspects produced by candlestick signals and patterns dramatically improve an investor’s ability to correctly assess the direction of the general markets.
The Buy and Hold investment philosophy has not worked very successfully over the past two decades. Why? Because most money managers work off of a very simple premise. Buy a good strong company and hold it for long-term. You will do well. Unfortunately, they disregard one of the basics truths of price movement in the markets. Prices do not move based upon fundamentals. Prices move based upon the perception of fundamentals. There are many clear examples why fundamental analysis is not a primary factor for analyzing market trends. For example, at the end of 2007 analysts were recommending stocks such as US Steel Corp. at $180 a share because it was a fundamentally strong company. That analysis does very little for an investor when the price falls to $20 a share by the beginning of 2009. It is not the fundamentals of companies that move stock prices up or down. It is the investor sentiment pertaining to a stock that dictates whether it moves up or down. Candlestick analysis provides a very clear indication of what investor sentiment is doing in the markets.
Japanese rice traders used the same information found on a standard bar chart. The difference is that they put more weight on the open and closing prices versus the high and the low of a time period. As illustrated in the US dollar chart, candlestick signals produce reversal signals that create a high probability that a new trend has occurred.

The one basic factor built into Japanese candlesticks signals is that they are formed by the cumulative knowledge of all the investor input, the buying and selling, of a trading entity during a specific time period. No matter what you hear elsewhere about the direction of the market, candlestick signals tell you ‘exactly’ what investor sentiment is doing. Candlestick analysis allows investors to project market reversals with a relatively high degree of accuracy. This can be done when utilizing the 12 major candlestick signals. One misconception about candlesticks signals is that there are too many of them to learn. In reality, of the 50 or 60 candlestick signals, there are only about 12 signals that will occur a vast majority of the time. The Doji, the Bullish and Bearish Engulfing signal, the Hanging Man, Shooting Star, Hammer, the Bullish and Bearish Harami, the Dark Cloud, the Piercing pattern, and the Kicker signal. Although they may not sound sophisticated, the Japanese rice traders named these signals to make them easy to recognize as well as to understand. Knowing what the signals represent will dramatically improve your analysis of trend reversals and movements.
Japanese Candlestick signals incorporate an extensive amount of information not found in other trading methodologies. Hundreds of years of observations not only allowed Japanese rice traders to successfully identify accurate reversal patterns, they could also describe the investor sentiment that formed the signals. This knowledge is a very accurate tool for projecting the next move in price. It is simplified for all investors, whether a novice or a professional investor, to greatly enhance returns.
Identifying long established, statistically proven reversal patterns, as well as knowing how they were produced, provides a very powerful investment tool. Buy low, sell high. Amazingly simple! This should lead to a simple question. Who was buying when everybody was panic selling and who was selling when investors were running prices through the roof? Fortunately, these questions have been asked for centuries. Visual observations recognize the existence of fear and greed. Japanese rice traders recognized reoccurring patterns that depicted the reversals in trends, utilizing the price movements preceeding a major trend reversal.
A candlestick signal formation has one major aspect that makes it more powerful than all other technical analysis. The signal is the result of the change in investor sentiment. This statement will be repeated for effect. The signal is the result of the change in investor sentiment. Not the anticipation of a possible change! The actual result is the change of trend direction. Having this as an investment tool can dramatically change an investors ability to maximize profits while reducing risk exposure. It allows the average man or woman investor to invest with the same temperament as the professional trader.
Buy at the bottom, sell at the top. Pretty easy, right? Yet where does one grab the falling knife? When is high too high? Candlestick signals alleviate that problem. A candlestick ’buy’ signal, appearing after an extensive decline in a stock price reveals compelling information. ( All trading entities can be effectively analyzed with candlesticks. The term “stock” will represent all trading entities.) . This information inherently benefits investors, making for comfortable trading decisions.
The basic function of investing is to make money. However, few investors develop a trading program that put the probabilities in their favor. If searching for the “Golden Goose” of investment programs, the criteria would be simple; well researched, proven track record, and easy-to-identify reversal points.All three of these elements are incorporated into Candlestick signals. Hundred of years of rice trading resulted in the identification high probability profitable trades. Make one assumption. The signals would not be around today if it were not for one convincing result. PROFITS! Candlestick signals exist today because of hundred of years of actual profitable trades. Not computer back testing. Not questionable results. Profits produced from utilizing the signals are the only reason we are witnessing these signals today. Reversal signals were identified by rice traders using very simple charting techniques. You can take advantage of these clear profitable signals?

Trend analysis becomes much easier, as illustrated in the NASDAQ chart. The Doji, followed by a gap down, provides strong probabilities of a downtrend. The Bullish Engulfing signal, when stochastics are in the oversold condition, provide high probabilities of an uptrend. The non-signal after the first downtrend implies the possibility of some buying coming into the market but not any decisive trend reversal. As seen, the next two months consisted of indecisive waffling in a trend channel.
As in any investment program, the underlying motive is to find characteristics that place the probabilities greatly in the investors favor. Logic implies that when you witness a Japanese candlestick “buy” signal in an oversold condition, you should have an extremely high probability that a bullish trade will be profitable. Oversold conditions can be defined as to when stochastics are in the area of 20 or below. Being able to add other conditions such as moving averages, Fibonnacci numbers, trendlines and trading channels, to a Japanese candlesticks signal in oversold condition only enhances the probability of making a correct trade. Putting all these observations together provides a compelling platform for market timing strategies.
Utilizing the information from high probability patterns also allows investors to make a relatively accurate assessment of the market direction. Beginning in August of 2011, bullish Harami's indicated the end of the downtrend. The following eight weeks revealed an indecisive trading pattern called the Dumpling Top. The inherent trading forces build up in a dumpling top indicate a hard downtrend is about to follow. This can be seen in the dumpling top form in the Dow during the summer of 2008. Conversely, when a strong pattern is breached to the upside, the force of the upside move has to be substantial to offset the potential force to the downside. As witnessed, the breach of the upside rounding top trajectory would imply a very forceful breakout.

Having this analysis capability in your arsenal allows the candlestick investor to have their portfolio positioned in the correct direction when a move occurs. Understanding the psychology of how the signals are formed provides investors with better foresight in where to have positions placed. The signals in the last week of January created the opportunity to add short positions to the portfolio whereas the signals in the first week of February produced high probability signals that would have covered the short positions and added long positions.
This is not rocket science. This is simple investment philosophy’s put into a visual graphic. The 400 years of actual investment results from Japanese rice traders have provided high probability signal results. The candlestick signals illustrate the investor sentiment, mostly defined as fear and greed. Human emotion, when it comes to investing funds, will always have the same ingredients. The candlestick signals are simply the graphic depiction of investor sentiment. Candlestick signals were not discovered and tested by computer back testing simulations. Candlestick signals are the result of centuries of analyzing what human emotions effect a price trend. The occurrence of the signals, over and over, at specific points in a trend-reversaI, provides a statistically proven trading platform. If you understand how they are formed, you’ll understand what makes prices move.
About Stephen BigalowStephen W. Bigalow is author of “Profitable Candlestick Investing, Pinpointing Market Turns to Maximize Profits”, “High Profit Candlestick Patterns” and “Candlestick Profits, Eliminating Emotions” is also principal of the CandlestickForum, the leading website on the Internet for providing information and educational material about Japanese Candlestick investing. Over 28 years of extensive study and utilization of candlestick analysis has produced an array of easy-to-learn educational material about Candlesticks. As one of the leading Candlestick experts in the nation, Mr. Bigalow, through consulting with major trading firms, has developed multiple successful trading programs from the day-trader to the long-term hold investor.

Support Tip

QuoteCenter - TAS - Letter Definitions

Contributed by MetaStock Support

Have you ever wanted to know what all of the letters in the Time & Sales feature of QuoteCenter mean?

If you answered "Yes", to the previous question this article is just for you! Below you will find a quick reference guide for meanings of all the letters in the Time & Sales area of QuoteCenter.1) Clink on the TAS link. This is found under the Reuters Navigator menu.

2) After clicking on the TAS link, the following screen will appear.

3) To investigate what the letters under the modifier and exchange columns mean, you need to open up an analytics window. To do this, go to "Edit", select "Add Display", and click on "Analytics".

4) After opening the analytics window, you can search for modifiers by entering [mod or exchanges by entering [exch.
Modifer search
Exchange search
5) Click on the red area next to the corresponding country (for exchange searches) or beginning letter of the modifier (for modifier search) to learn more about the letters in the modifier and exchange columns.

MetaStock Power User Tip

Disappearing Chart

Contributed by Breakaway Training Solutions

Have you ever tried to open a chart and for some reason the price bars weren’t displayed? If so, watch this short how to video to quickly get you back up and running.

http://www.learnmetastock.com/FreeStuff/FreeVideos/DelBaseSec/DeleteBaseSecurity.html

For more MetaStock training, make sure to visit us at www.learnmetastock.com or email us at admin@learnmetastock.com.

About Kevin Nelson
Kevin Nelson is the founder of Breakaway Training Solutions, Inc. He has spent the last 17 years becoming an expert on MetaStock software and a serious student of technical analysis while working for MetaStock. Prior to joining MetaStock in 1993, Kevin was a stockbroker for a well-known NYSE firm. In his role as Sales Manager at MetaStock, Kevin interacted extensively with MetaStock customers via phone, webinars, and public appearances. His experiences while working at MetaStock have enabled him to gain a keen understanding of the needs of technical analysts worldwide. While with MetaStock, Mr. Nelson was a featured presenter for four years. During this time, he traveled the U.S. introducing the MetaStock program to thousands of people and teaching them how to use its many features. His easy-to-understand approach is considered by many to be the best in the industry. ©Breakaway Training Solutions, Inc. 2011

MetaStock SPRS Series - Week 43 - MENT...

2011-11-21T13:53:00.001-07:00

MetaStock SPRS Series - Week 43 - TechniTrader® Weekly Discussion for MetaStock Users: MENT - November 21, 2011
By: Martha Stokes C.M.T.

Hi Everyone:

Thank you to all of you who wrote me to tell me how much you enjoyed last week’s MetaStock and TechniTrader Webinar on “Riding the Momentum Out of a Bottom.” The webinar can be viewed on our site with the work booklet.

One of the things I spoke about during the webinar is the Science of Trading which is what MetaStock Charting Software is based upon. This concept is something you should embrace as it is the basis for chart analysis.

It is easy to get caught up with the news on the internet. You can’t go anywhere and not run into news and reporters commentary. As traders, it is essential that you not get caught up in that emotional chatter.

Charts do not lie. They do not have any agenda. Charts do not skew facts. Charts simply reveal:

1. Who is in control of price:

a. Institutional Investors
b. HFTs, or other short term large lot traders
c. Retail traders (you and others like you)
d. Odd lot investors (the last of the 8 Market Participants to buy or sell)
e. Smaller Funds reacting to larger fund buying or selling
f. Corporations investing in smaller firms

2. Is there sufficient volume and activity to drive price up and sustain price?
3. Is the ANGLE OF ASCENT OR DESCENT too low, too steep or angling at a rate that is sustainable for that particular trend: primary, intermediate, or short term?
4. The Market Condition: where most stocks are in the general cycle: platforming, topping, bottoming, consolidating, trading range, moderately trending? You need to know this in order to determine what trading style will work optimally and what indicators to use.

During my webinar one attendee wanted to know why I wasn’t using stochastic when I was teaching about momentum runs out of a bottom.

Stochastic is ideal for trading ranges. It is fine for platforms but it is not the indicator for a momentum run out of the bottom.

Why? Because momentum causes the oscillation of stochastics to fail. It is designed for sideways market action not momentum action.

Below is a prime example of why you should not use stochastic in a momentum bottom.

Stochastic shows an overbought condition at the end of October, just as momentum starts in this stock to propel it out of its bottom. So, if you were using Stochastic as you are taught by most seminars, this would have been an exit point. Since Stochastic floats during a momentum action, there was no trough to tell you to buy back in for the momentum move. However, with the TTQA, even though price is not moving at first but resting, we can clearly see momentum building before the long white candles.

Chart 1

Using the wrong indicators for the current Market Conditions is the most common mistake traders make. This one mistake or lack of understanding and education, costs retail traders the bulk of their profits. It is the reason most traders chase stocks, why they enter a stock too late, why they take chronic losses, and why they are so frustrated much of the time.

Do yourself a big service, learn what indicators to use in each market condition. Your profitability will increase dramatically if you do this one thing.

Trade wisely,

Martha Stokes, C.M.T.
Member of Market Technicians Association
Master Rated Technical Analyst: Decisions Unlimited, Inc.
Instructor and Developer of TechniTrader® Stock Market Courses
http://technitrader.com
MetaStock Partner

©2011 Decisions Unlimited, Inc.

Disclaimer: All statements, whether expressed verbally or in writing are the opinions of TechniTrader, its instructors and or employees, and are not to be construed as anything more than an opinion. Student/subscribers are responsible for making their own choices and decisions regarding all purchases or sales of stocks or issues. At no time is any stock or issue on any list written or sent to a student/subscriber by TechniTrader and its employees to be construed as a recommendation to buy or sell any stock or issue. TechniTrader is not a broker or an investment advisor it is strictly an educational service.

Greg Morris demonstrates his latest Add-on...

2011-11-21T11:30:00.001-07:00

During this 60-minute webinar, originally presented on 11/16/11, Greg Morris demonstrates his MetaStock add-on "Japanese Candle Pattern Recognition." Find out more about "Japanese Candle Pattern Recognition" here.

Many traders have already discovered that Japanese candlesticks allow them to see data more comprehensively at just a glance, but they often ignore critical variables. Though many candlestick products exist, they don't offer detailed pattern recognition and filtering, and they don't use correct methodology (original Japanese).

Greg Morris, Western candlestick pioneer and author of "Candlestick Charting Explained," has partnered with MetaStock to develop the Japanese Candle Pattern Recognition Add-on. This recent addition to the MetaStock line offers accurate identification of REAL Japanese patterns by employing advanced filtering capabilities and Greg's extensive knowledge on the topic.

How Japanese Candle Pattern Recognition stands apart from the rest:

True Japanese Candle Patterns
All the patterns in the add-on (except 2) are true Japanese patterns based on the extensive research conducted by Greg Morris with original Japanese literature.

JCPR Candle Trend
This new method of identifying trends takes into consideration the true range of prices and expands or contracts based on those ranges. This allows it to follow the trend adaptively and with greater accuracy.

JCPR Support and Resistance
By automatically calculating the support and resistance lines, this feature allows you to increase the look back periods and expand the concept.

JCPR Scoring
Based on a wealth of experimental data (7275 common US stocks, which included large data histories that totaled over 14.6 million days of data), this critical function scores the probability that a reversal trend pattern will be successful.

Greg Morris' Background with Japanese Candlestick Charting
"I attended a Market Technician Association seminar in Phoenix, AZ in 1988. There was a large contingent of Japanese traders present and they presented their charting techniques. It was the first time I had ever heard of "Hi Ashi," which is what the Japanese call their candlestick chart. I was working with N-Squared Computing then and we decided to create a charting product using Japanese patterns with automatic recognition capability. I traveled to Japan and stayed with Takehiro Hikita who was an active red bean and rice trader in Yokohama. He was intent on teaching me the art and also helping in translating several books.

There are many books out now on candle patterns and most software programs have candlestick charting capability. However, very few have the correct methodology (original Japanese). This product uses ONLY the candle patterns that came from original Japanese literature, with two exceptions. The Three Outside and Three Inside patterns were created when I was at N-Squared Computing to enhance the Engulfing and Harami patterns. They do that quite well, but please realize they are NOT real Japanese candle patterns.

Note: I find it amusing that in new books on candlesticks, the Three Outside and Three Inside patterns are generally included as if they are actual Japanese candle patterns. I think only Steve Nison and I did any original research, the rest obtained their knowledge from us.

For additional study I humbly recommend you refer to the 3rd edition of my book, Candlestick Charting Explained, published by McGraw-Hill. I cover all of the patterns included in this product, the single day patterns, and many others that were created to fill holes in the Japanese literature. This product follows closely the details laid out in the book. The book was first published in 1992 and is on its 3rd edition with a vast amount of statistics."

- Greg Morris

Martin Pring demo's his latest MetaStock Add-on...

2011-11-18T14:08:00.001-07:00

Martin Pring’s "Special K" MetaStock Add-on combines short, intermediate and long-term time frames into one series, and often peaks and troughs with actual bull and bear market turning points. It can be used in many ways. The two most important are :

Identify primary trend reversals at a relatively early stage

Using short-term changes in direction of this unique indicator to spot 1 to 6-week buying and shorting opportunities

This add-on includes all the following:

9 indicators

3 Explorations

3 Expert Advisors

5 Templates

37 Layouts

Comprehensive Training Videos

About Martin Pring

Martin J. Pring entered the financial markets in 1969 and has grown to become a leader in the global investment community. He founded Pring Research in 1981 and began providing research for financial institutions and individual investors around the world. Since 1984, he has published the InterMarket Review, a monthly market letter, offering a long-term synopsis of the world’s major financial markets.

Buy, Sell, Hold... what would you do?

2011-11-18T09:16:00.000-07:00

Hey candlestick fans... we have a little challenge for you. Take a look at the chart below, a bare bones MetaStock candlestick chart of an unidentified security. We snapped it yesterday morning.

So you tell us. What does this chart tell you? Would you buy, sell, or hold... or what? Why? Don't be shy. Give us your comments below. We will publish a follow up in a few weeks, and identify the security... and the most accurate response. No prize involved, just bragging rights.

Good Luck.

What would YOU do with this information?

Visit us at the Money Show in Vegas today...

2011-11-17T09:38:00.001-07:00

If you are attending the Money Show in Las Vegas today (11/17/11), be the first to come by the MetaStock booth and mention this post and get a FREE copy of Technical Analysis from A to Z -- a $40 value.

We recorded this webinar for you... "Be Different... Trade to Win" presented by Tom Busby of DTI

2011-11-16T11:08:00.001-07:00

"Be Different... Trade to Win. Presented by Tom Busby, CEO and Founder or DTI

In this 60-minute MetaStock guest speaker presentation (originally presented of 11/10/11), Tom Busby, discusses how to use one of the best, but little-known leading indicators in the financial markets...the S&P Futures. While some traders only have a vague understanding of how the S&P futures can be used to time entries and exits, you will come away from Tom's webinar with a practical and proven method that you can immediately apply to your own trading.

Check out the MetaStock Forum...

2011-11-15T09:56:00.001-07:00

The MetaStock Forum: 12607 members strong and your best first stop for questions about everything MetaStock. Check out our most popular thread regarding "summing things up."

The MetaStock Forum... 32,991 post full of MetaStock and general info on Technical Analysis.

MetaStock SPRS Series - Week 42 - TechniTrader® Weekly Discussion for MetaStock Users: Understanding Support Mechanisms Created by the Market Participant and the Institutional Investors

2011-11-14T10:02:00.001-07:00

MetaStock SPRS Series - Week 42 - TechniTrader® Weekly Discussion for MetaStock Users: Understanding Support Mechanisms Created by the Market Participant and the Institutional Investors - November 14, 2011
By: Martha Stokes C.M.T.

All retail traders need to understand how the 8 different Market Participants impact stock prices and price action. Sure you can learn to use MACD or Bollinger Bands and do okay, but if you are truly serious about making profits in the market then you also need to understand why price behaves the way it does.

When you understand why price behaves a certain way, due to who is investing or trading the stock, then you will find more opportunities to trade, and have a significantly higher degree of success.

The most important of the 8 Market Participants is the Institutional Investors. These are giant mutual funds managers and they influence price in a reverberating manner.

However, their buying does NOT move price. Mostly you will find institutional investors (who often use Dark Pools for their transactions) buying into a stock in a fairly tight sideways action.

This is why you need to really be able to read and interpret what kind of sideways action is underway and to read the TTQA indicator which reveals their footprint of incremental buying.

Chart 1

The chart above shows quiet accumulation by the Institutional Investors. These savvy giant funds managers like to move into stocks without anyone knowing about their buying. They can buy huge share lots, millions of shares via Dark Pools provided by most of the exchanges and by independent Dark Pool service companies.

Their buying is always a controlled bracketed order, NOT a limit order. When the Institutional Trader hears about the Institutional Investors accumulation, then price moves with velocity, on huge volume and huge TTQA surges that fade within a day to a few days.

These patterns are distinctly different and you need to be able to see these in order to take advantage of the big moves as a swing, day, or velocity trader OR if you prefer to position trade which is a longer hold with lower risk, and much higher ROI than day trading.

We are going to see more and more of this kind of pattern because the market is coming out of a short term bottom and shifting to a value oriented market condition.

Support Mechanisms that come into play in these quietly accumulated stocks trigger more buying by the huge institutions after a speculative run up from the Institutional traders.

The reason this accumulation is automatic is the fact that the giant funds use trigger orders in a bracketed narrow price range. So as this stock slipped down into that price zone, buyers moved in quickly forming the long tailed candle and the white candle the next day.

Some traders made the wrong assumption that this stock was going to be a good sell short opportunity due to the news about Italy on the day the stock moved down Wednesday. And many got whipsawed out the next day.

This happened because many traders didn’t understand that the Italy bond “crisis” was not real but speculation, and that this stock in particular had ample buyers waiting on the sidelines for a dip.

Trade wisely,

Martha Stokes, C.M.T.
Member of Market Technicians Association
Master Rated Technical Analyst: Decisions Unlimited, Inc.
Instructor and Developer of TechniTrader® Stock Market Courses
http://technitrader.com
MetaStock Partner

©2011 Decisions Unlimited, Inc.

Disclaimer: All statements, whether expressed verbally or in writing are the opinions of TechniTrader, its instructors and or employees, and are not to be construed as anything more than an opinion. Student/subscribers are responsible for making their own choices and decisions regarding all purchases or sales of stocks or issues. At no time is any stock or issue on any list written or sent to a student/subscriber by TechniTrader and its employees to be construed as a recommendation to buy or sell any stock or issue. TechniTrader is not a broker or an investment advisor it is strictly an educational service.

2011-11-10T17:37:00.001-07:00

We're coming to Australia... mate. Find out more about this event here.

Download your MetaStock 2011 Holiday Catalog

2011-11-10T15:35:00.001-07:00

Download your MetaStock Holiday Catalog Here.

2011-11-09T15:05:00.000-07:00

We launched out MetaStock Google+ Page, a new way for you to keep up-to-date with your MetaStock community. We’d like to invite you to add us to one of your circles.

By adding MetaStock's page in one of your circles, you'll start seeing updates from the MetaStock team in your Google+ stream. You’ll also have the opportunity to engage with other bloggers by writing comments on the posts.

You can visit our page here >>

Here's a quick list of what to expect:

* Product news and announcements
* Video Hangouts with the MetaStock team
* Pro tips from the MetaStock team and other users

Lastly, be sure to mention +MetaStock when you share your own tips -- if we come across something particularly helpful, we may reshare it.

See you on Google+!

Martin Pring discusses MetaStock

2011-11-08T16:34:00.000-07:00

MetaStock SPRS Series - Week 41 - TechniTrader® Weekly Discussion for MetaStock Users: MDAS - November 7, 2011 By: Martha Stokes C.M.T.

2011-11-08T15:50:00.000-07:00

MetaStock SPRS Series - Week 41 - TechniTrader® Weekly Discussion for MetaStock Users: MDAS - November 7, 2011

By: Martha Stokes C.M.T.

This stock has an unusual bottom formation.

It is a base that has settled into a platform than has recently compressed, which tends to indicate a big move up before it occurs.

Chart 1

MDAS gapped down last March, probably on a weaker earnings report. Then it shifted into a long consolidation, and then stepped down into another longer consolidation.

What you should have noticed about this current platform is how much wider it is than the previous 2 consolidations.

The price action has become far more active and quiet accumulation starts in September. This means this is probably going to breakout to the upside sometime in November.

The solid platform defines a bottom even though it is rather unusual.

TechniTrader® RSI/RSI shows that the platform has improving price over price action during the platform and is still improving even now.

Chart 2

The TT volume oscillator show consistent volume patterns during the early stages of the platform and a resting pattern at the moment. Resting patterns often occur prior to breakouts.

Chart 3

The weekly chart shows that this stock has ample upside point gain potential for a good position trade. It is a young company only a few years old.

Chart 4

What makes this extra interesting are the following basic fundamentals:

1. It is under 3 years old.

2. It is in the Computer Software Industry in the Sector: Healthcare Information Service which we know is going to be a big growth sector for the software industry in the next few years.

3. It has institutional ownership around 75%.

4. It is around 10-12 dollars a share.

5. It is widely held by institutions with 150 different institutions holding as of 9/30/11.

6. It has 5 giant funds in the top 10.

7. Revenues have been increasing quarter over quarter and earnings negative is shrinking.

So between the technical analysis and the fundamentals, this stock should move up.

Trade wisely,

Martha Stokes, C.M.T.

Member of Market Technicians Association

Master Rated Technical Analyst: Decisions Unlimited, Inc.

Instructor and Developer of TechniTrader® Stock Market Courses

http://technitrader.com

MetaStock Partner

©2011 Decisions Unlimited, Inc.

Disclaimer: All statements, whether expressed verbally or in writing are the opinions of TechniTrader, its instructors and or employees, and are not to be construed as anything more than an opinion. Student/subscribers are responsible for making their own choices and decisions regarding all purchases or sales of stocks or issues. At no time is any stock or issue on any list written or sent to a student/subscriber by TechniTrader and its employees to be construed as a recommendation to buy or sell any stock or issue. TechniTrader is not a broker or an investment advisor it is strictly an educational service.

Greg Morris discusses MetaStock

2011-11-04T09:54:00.000-06:00

MetaStock... what the experts are saying.

2011-11-01T16:11:00.000-06:00

Developing a Trader's State of Mind - Rande Howell

2011-10-26T12:36:00.000-06:00

2011-10-05T13:49:00.001-06:00

Melbourne Residents. Don't miss the FREE trading seminar this evening. http://ping.fm/BqlYi

2011-10-04T17:00:00.001-06:00

We have released October's guest speaker webinar schedule: http://ping.fm/D8LiS

2011-10-04T09:59:00.001-06:00

Intro to MetaStock webinar beginning now. Log in at http://ping.fm/EsSjT

2011-10-03T10:33:00.001-06:00

Melbourne residents. Stop by our booth this week at the Trading & Investments Expo. http://ping.fm/PM5te

2011-09-19T08:56:00.001-06:00

"How to Avoid Market Calamity..." Presented by Christopher Smith. Watch it here. http://ping.fm/BFPrD

2011-09-16T11:31:00.001-06:00

PHX and SAN. We will be in your area this wknd. Attendees get a FREE 1-yr sub to Stocks & Comm Mag. http://ping.fm/jBqJ8

2011-09-14T13:28:00.001-06:00

"Optimal Probability Trading - Beyond the 50% Outcome" presented by Robert Deel. Watch it now: http://youtu.be/oirORScHrXs

2011-09-13T11:14:00.001-06:00

Intro to MetaStock webinar starts in 20 minutes... http://ping.fm/rAIzH

2011-09-07T09:41:00.001-06:00

Today's "Intro to MetaStock" webinar begins in 20 minutes. It's not too late to register. http://ping.fm/p7dOK

2011-09-06T16:05:00.001-06:00

Sydney & Melbourne Residents. We'll be there in October. http://ping.fm/OhAjc

2011-09-02T15:35:00.001-06:00

If you want to know more about our real-time data and news, check this out: http://ping.fm/tvzZS

2011-08-30T15:40:00.001-06:00

Sao Paulo residents. Don't miss this free event! http://ping.fm/pHjrA

2011-08-29T11:01:00.001-06:00

"Finding Stocks to Trade" - the latest MetaStock U article. Check it out. http://ping.fm/CuvME

2011-08-25T12:57:00.001-06:00

Today's webinar: "Spotting Trends Early in Their Development Using the Beast" http://ping.fm/sWCCh

2011-08-23T09:22:00.001-06:00

The free "Successful Trading with MetaStock" webinar will begin in 40 minutes. Go to http://ping.fm/0pM1M

2011-08-19T12:11:00.001-06:00

Today is the last day to get a discounted MetaStock 11 upgrade + $100 off Japanese Candle Pattern Recognition. Call (800) 509-8990 or chat.

2011-08-10T09:14:00.001-06:00

Check out the latest article in MetaStock U: Bottoms, the Velocity V Bottom Formation http://ping.fm/WLlmu

2011-08-09T09:08:00.001-06:00

Today's webinar: "Successful Trading w/ MetaStock" will begin in 55 min. Not 2 late to register: http://ping.fm/8w3JI

2011-08-03T15:11:00.001-06:00

For our German speaking friends: Erfolgreiches Trading mit MetaStock 11. http://ping.fm/0hJst

2011-08-02T13:46:00.001-06:00

If you want to make the most of MetaStock, visit the newly updated site of our official training partner. http://ping.fm/dHsA6

2011-07-28T10:24:00.001-06:00

German speakers... Metastock webinar in German begions in 10 minutes: http://ping.fm/F0ff6

2011-07-26T09:41:00.001-06:00

Today's webinar will begin in about 20 minutes: "Intro to MetaStock". http://ping.fm/ZjPzu

2011-07-25T10:05:00.001-06:00

We recorded this webinar "Trade Commodity Futures with a Consistent Setup - Pratik Patel".. http://ping.fm/3JGod

2011-07-15T16:30:00.001-06:00

Today is the last day to get early-bird pricing to the MetaStock Conference 2011 in Las Vegas. Call us at 800-466-6509.

2011-07-13T14:29:00.001-06:00

Free issue of Traders' Mag courtesy of MetaStock. http://ping.fm/PVzkJ

2011-07-11T16:36:00.001-06:00

We've added NYC, LAS, CHI, and TOR to our fall MetaStock seminar schedule. http://ping.fm/Ny3HC

2011-07-05T14:41:00.001-06:00

The MetaStock Conference early-bird registration is over on July 15.. Save $500! http://ping.fm/0nrwO

2011-07-01T15:10:00.001-06:00

We recorded this MetaStock software for you... http://ping.fm/n3k4z

2011-06-28T11:18:00.001-06:00

We recorded this MetaStock webinar for you. Presented by Dr Alexander Elder. http://ping.fm/96nV4

2011-06-27T16:10:00.001-06:00

Las Vegas Residents. Don't miss this FREE MetaStock live event by Oscar Carboni. http://ping.fm/dk0D1

2011-06-13T16:35:00.001-06:00

Tomorrow's MetaStock webinar featuring Dr. Alexander Elder http://ping.fm/mQing

2011-06-08T09:44:00.001-06:00

Tomorrow's guest speaker webinar! Mark Leibovit shows Volume Reversal ToolKit. http://ping.fm/RTHFv

2011-06-07T09:11:00.001-06:00

June's MetaStock Webinar guest speakers have been announced. Check it out. http://ping.fm/aIzSo

2011-05-31T10:17:00.001-06:00

We have a career opportunity here in the MetaStock, Salt Lake City Office. http://ping.fm/rgQAx

2011-05-17T09:19:00.001-06:00

Today's guest-speaker webinar: Trading the Fastball Pattern trading methodology. http://ping.fm/1kUGX

2011-05-12T13:01:00.000-06:00

Today's guest speaker webinar: Selling Options, the Blueprint for Monthly Income. http://ping.fm/zs9pF

2011-05-11T09:40:00.001-06:00

Tomorrow's webinar is another in our MetaStock add-on series... http://ping.fm/uGhqf

2011-05-10T16:38:00.001-06:00

MetaStock Conference 2011 Registration is now open. http://ping.fm/GoKcE

2011-05-10T09:42:00.001-06:00

Todays Webinar: ETS 2.0 Trading system presented by Virl Osmond. http://ping.fm/izg6v

2011-05-06T10:42:00.001-06:00

Singapore Residents. Say Hi to Alex and Jeff at the MetaStock booth @ "Asian Trader & Investor Convention."
http://ping.fm/mIwS6

2011-05-05T09:40:00.001-06:00

How to become a real-life profitable trader in 2011 - the subject of today's webinar. http://ping.fm/I8TIg

2011-05-04T09:17:00.001-06:00

May's guest speaker webinar schedule is now available. Speakers include Jeff Killian, Paul Brittain, Adrian Manz, and Michael Shulman. Check it out: http://ping.fm/Vkmih

2011-05-03T11:11:00.001-06:00

What is RMO ATM? Find out at today's webinar. http://ping.fm/2P1OR

2011-05-02T16:00:00.001-06:00

This week's MetaStock basics webinar... http://ping.fm/tFcbm

"Indicators are Liars!?!" Presented by Aamar Hussain

2011-04-29T16:42:00.000-06:00

2011-04-27T16:59:00.001-06:00

Attend this trading symposium, and help the victims of the New Zealand and Japan earthquakes... http://ping.fm/IWKuu

2011-04-26T14:43:00.001-06:00

A webinar for our Russian speaking friends: Использование индикаторов для определения сильного тренда. http://ping.fm/GoJ55

2011-04-25T11:30:00.001-06:00

Tomorrow's Guest Speaker Webinar: Mirror the Dominant Market Makers and Uncover Their Secrets. http://ping.fm/eV59n

2011-04-21T16:07:00.001-06:00

Don't miss our series of webinars demonstrating our some of our most popular add-ons. Big Trends 2.0, RMO ATM, ETS, and Performance Systems Plus. http://ping.fm/zkIT9

2011-04-20T11:43:00.001-06:00

The annual MetaStock add-on event is here. Save $100 on add-ons. Download a catalog here. http://ping.fm/1cRq7

2011-04-19T09:12:00.001-06:00

Today's webinar: "Fast Track Your Options Trading" by Martha Stokes C.M.T. http://ping.fm/4r0pJ

Six Steps to a No-Fear Portfolio Webinar

2011-04-15T14:57:00.000-06:00

2011-04-15T09:48:00.001-06:00

Join 11,949 other MetaStock users on our forum! http://ping.fm/PDAjH

2011-04-14T14:08:00.001-06:00

Today's webinar: Six Steps to a No-Fear Portfolio by Greg Jensen. http://ping.fm/1qSy3

2011-04-13T10:03:00.001-06:00

We recorded this webinar for you! Mark Leibovit introduces the Leibovit Volume Reversal ToolKit: http://ping.fm/viTQl

2011-04-12T08:03:00.001-06:00

"Successful Trading with MetaStock" is today's webinar. Great overvue of MetaStock and TA. http://ping.fm/qe5nH

2011-04-11T08:51:00.001-06:00

Check out our online library of FREE MetaStock training... http://ping.fm/AH4mz

Introduction to the Leibovit Volume Reversal MetaStock Add-on

2011-04-08T16:34:00.000-06:00

"Identifying Set-Ups Which Indicate the Potential for a Major Move" pres...

2011-04-08T16:04:00.000-06:00

2011-04-08T15:26:00.001-06:00

Weekly "MetaStock U" Article: How Price Action Creates Support Levels ... " http://ping.fm/QF8or

Weekly "MetaStock U" submission

2011-04-08T13:13:00.000-06:00

MetaStock SPRS Series - Week 10 - How Price Action Creates Support Levels and Why Moving Averages are no Longer the Ideal Way to Determine Support Levels- April 4, 2011
By: Martha Stokes C.M.T.

Read the Article >>>

MetaStock 11 PowerTools - How to Trade without emotions

2011-03-09T16:40:00.000-07:00

Trading with MACD on Metastock

2010-10-25T16:51:00.000-06:00

What's new in MetaStock 11

2010-10-25T16:50:00.000-06:00

2010-04-07T09:20:00.001-06:00

The speakers for the 2010 MetaStock Conference in Las Vegas have been announced. This year's conference is on October 16, 17, & 18 and includes a day of live market training with Rahul Mohindar. Get the details: http://ping.fm/NwLue