Friday, 14 October 2011

Peter L. Brandt interview

Peter Brandt is the author of one of my favourite books on trading. If you're a trader or interested in trading, then I recommend reading this interview.

ASX 200 set to open lower

Daily candlestick chart shown below, including after hours trading, currently at 4229, compared to Thursday's ASX close of 4245. The trend is down on the weekly and monthly charts, and despite the recent rally, the market has not yet shown enough strength to test the down trend line drawn from the April high.

S&P 500 testing trend line

The S&P 500 is testing the trend line drawn from the September and August highs, which also touches the June and April lows. Daily candlestick chart.