How to Determine When the Market is Really Trending
By Larry Levin 22 Nov 2011 12:37 PM
How often have you looked at a chart and tried to determine whether or not the market is really trending? How many times have you been fooled by your Stochastics or RSI indicators?
How many times have you sold because your oscillators were screaming overbought then watched the market dip a little and then continue higher, stopping you out for another loss? One of the most important things you are probably trying to figure out with any given market is if it is in a trend, and in which direction that trend is moving.
In our ‘Investing & Online Trading’ Newsletter we primarily focus on Jim Berg’s trading strategies. From time to time we also include input from some other recognised traders from around the world. Larry Levin is a professional futures trader. He has been in and around the S&P 500 futures pit at the largest futures exchange in the world; the Chicago Mercantile Exchange (CME), for almost 20 years.
We thank Larry for his commentary today on "How to Determine When the Market is Really Trending".
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