Stock Market Trading - Understanding Stock ChartsFor yesterday's stock picks from Shares Magazine see - share tips
Christian at perfectstockalerts.com says the charts are peaking. He also says the DOW will fall back down below 10,000. The charts are distinctly overbought and the RSI chart signal is very important, also there have been too many 'gaps' in share price - 19 unfilled gaps indicating a low volume rally.
Interesting stuff, I've got no idea if his interpretation of the charts is correct or not, but I guess we will find out. Certainly the markets have been going up quite a lot lately despite the awful economic news.
For stock trading using basic stock market charts see - make money on the stock market
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