Monday, June 4

Stock Markets Headed Down Again?

Stockmarkets - the Charts for the Week Ahead

Another excellent video of stockmarket technical analysis for beginners or old salts by the Oldschoolchartist - he is still cautious about the markets and so am I. The UK is closed today, Asian markets were weak overnight and the DOW futures are pointing slightly up at the moment. The stock charting book that he mentions in the video is Technical Analysis of Stock Trends by Robert D. Edwards and John Magee probably not available at small book stores but can be obtained from Amazon no trouble.

Mr Stock trading master is a lot more bearish - with a 1250 short-term target on the SP500 if 1250 is broken then the next target is 1200 - if 1200 is broken then it's every man for himself !