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Daily Market Commentary



Tuesday, October 17, 2006


Technical Indicators

Trade Volume Index

Similar to the On Balance Volume indicator, the Trade Volume Index (TVI) uses price and volume to show whether a security is being purchased or sold. The On Balance Volume (OBV) method works well with daily prices, but it doesn't work as well with intraday tick prices. The difference between the OBV and the TVI is that the TVI makes use of intraday tick data while the OBV uses of end of day data.


Tick prices, especially stock prices, often display trades at the bid or ask price for extended periods without changing. This creates a flat support or resistance level in the chart. During these periods of unchanging prices, the TVI continues to accumulate this volume on either the buy or sell side, depending on the last price change...

 

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Quantum Swing Trader

Limited Edition

If you had a stock trading method that let you discover when a stock was about to make a massive move UP or DOWN, and then showed you, step-by-step, how to take advantage of that move to potentially pull profits out of the markets... would you be interested?

The "sweet spot" of Quantum Swing Trader is that it shows you how to take just a few common indicators, but use them in an uncommon way to "pinpoint" the spot in any stock where it has a high probability of making a massive move UP or DOWN, but not stay the same.

* Quantum Swing Trader - Limited Edition*

This is a big deal, because traders have the potential to make the really big money when the market makes these kinds of moves. And Bill shows you how easy it is to take advantage of these situations, again and again.

Quantum Swing Trader is created by 30+ year trading veteran Bill Poulos. The trading community's been waiting for the re-release of this course since it was announced a few weeks ago, and as of 7:39pm on 10/16, there have been over 37,745 visits to Bill's website from traders hoping to catch a glimpse of his new course.

To sum up Quantum Swing Trader in 3 points:

** The method is deceptively simple, yet profoundly powerful.
** Bill's unique "immersive" teaching style makes it extremely easy and entertaining to learn the method.

** This is one the highest-quality courses I've ever seen on the market. All the audio is crystal-clear, the videos are superb, and the full color manual is a breeze to get through.

Bill's only releasing 200 more copies to the trading community, and only from October 17 through October 24. He's doing this so he can make sure he can provide support and focus to his next group of students for his new course.

 



Well, the doors are now officially open. The
NEXT 200 traders can get Quantum Swing Trader here:

Quantum Swing Trader - Limited Edition

This course is HUGE. Heck, the box that it arrived in weighed about 5 or 6 pounds. But Here are some of the highlights that really stood out for me:

** Bill's "Fre e Trade" strategy which is the goal of every trade he teaches you to place. This lets you get into a position and lock in some early profits. Every trade should be like this ;-)

** How to quickly scan over 8,000 stocks every night in seconds with Bill's search criteria to find the stocks that have a high- probability of entering into a potentially profitable position.

** Bill's Profit Feeder service, which "spoon feeds" you his highest-probability stocks every night.

** The 2 "cheat sheet" blueprints that summarize the entire method in one place so you don't need to spend hours hunting through the materials after you've studied it to find what you want.

** Spend no more than 20 minutes a night applying the method.

There's a ton more, including a dedicated section just for beginners, lifetime customer support, and some really unique bonuses, but you'll need to check out his web page to see everything for yourself.

Quantum Swing Trader - Limited Edition

Finally, to make it super easy for you to try out Quantum Swing Trader in your home, Bill is also going to give you a guaranty. So what do you have to lose? Not much. And I believe you have a whole lot to gain.

Here's the link for a letter that Bill wrote giving you all the details. Again, I can't promise this link will work because he may already have sold out Quantum Swing Trader - Limited Edition

 


Trading Education Tutorial

Breakaway Gaps



Pressure Helps Identify Movers

Gaps occur when there is a dramatic change in market conditions. They can occur at the beginning of a trading session (i.e. most NASDAQ stocks) or even during the session itself. There are three types of gaps that are of interest to us when we analyze charts: breakaway, measured (also known as continuation) and exhaustion gaps. Today we will discuss the breakaway gap.

Read More...

 


NASDAQ Chart of the Day


TFSM has gotten a big breakout through the top of the large triangle consolidation at 9.50, which is highly bullish. Look for more strength from this stock to new highs on the year.


Daily Trading Signals

 


NYSE Chart of the Day

COP has recovered solidly after dipping below a critical support level earlier in the month. This reversal could send the stock back toward the year's highs at around 70.00.


Daily Trading Signals

 


 

NetPicks' Live Webcast

- Over 8,300 downloads of the Myth Busting Video since it's release

- Over 60,000 hits to the blog in the last 5 days

- Hundreds of emails coming in daily, and the phone ringing almost non-stop

This demonstrates a significant interest by traders like you to learn the non subjective, single indicator, quick to learn methodology that just had a 20 day streak of profitable trades. That's a full trading month!

Yet, still no one knows when the Ultimate Trading Machine (UTM) will be available for purchase, no one knows how long it will be available for, and no one knows how many copies will be available (yes, the quantity is limited, and will sell out very quickly.)

Today we announce when you can find out all of these details, and where you can come to see the UTM in action. There will be a live no fee webcast this Thursday, October 19th at 9pm EST (New York Time) or 6pm PST (Pacific Time.) It is very important you attend, as Anthony Trister, along with their chief developer will be in the call, and this will afford you a very rare chance to hear them speak live, and get all your answers directly.

 





This is where you can reserve your spot:

Ultimate Trading Machine Webcast

Wewbcast will be covering specific information about the system, showing charts on how it trades, the markets it covers, why it is so powerful and just how it can be so accurate, as well as the answers to the other unknown's mentioned above.

There is a void in the marketplace, and the UTM fills it. While most systems are subjective, and often complicated allowing much room for interpretation, mistakes, and varied results, this is not. We all take the same setups, and we all get the same consistent results. In fact, when NetPicks did their internal launch back in August, the demand was so great, the offer was pulled several days early, as the copies simply sold out.

This Thursday, you will find out why. To register for the event go to:

Ultimate Trading Machine Webcast

Space is limited to the first 500 registrants, and it will fill up fast. This is an event you don't want to miss. More details will follow upon registration.

 


Daily Market Commentary


Updated Monday, 10/16 for Tuesday's market's market


Key DOW Levels for 10/17

UP

Above 12,000

DN

Below 11,900


Steady Advance

- Dow pushes modestly higher, closes in on 12,000. The index came within 3 points of hitting the 12,000 level and continues to climb to all-time highs.

 

- The NASDAQ and S&P each held their own within the current uptrend, but the NASDAQ is beginning to show signs of weakness. Watch near-term support tomorrow.


Summary

The Dow closed the day near the highs of the session after pushing slowly higher throughout the day. The index is approaching 12,000, but could be on the verge of a pull-back if 11,950 cannot hold.


Read More...

 


P.S. - Swing Trading is the art of capturing profits in trending stocks in a relatively short amount of time. Shogun Swing Trading offers Swing & Day Trading Strategies for the full or part-time trader <  » Go here to learn more...


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