Traders 2007 may june

Traders 2007 may june . Tạp chí Traders cung cấp những bài học phân tích kỹ thuật chuyên sâu từ những Traders nổi tiếng trên thế giới. Traders Magazine giúp tìm hiểu lại biến động giá trong quá khứ của các sản phẩm tài chính, mối liên hệ tương quan lẫn nhau và cách phân tích vào thời điểm đó. Ngoài ra còn có những mẩu quảng cáo chuyên trong lĩnh vực tài chính, chứng khoán để người làm tiếp thị bán hàng các sản phẩm tài chính có thể tham khảo.

SECTORS Correction Time For The Dollar MARKET UPDATE Tokyo Nikkei Warning The Biotech Bet Is Back Traders US$7.95 com MAY/JUNE 2007 THE MAGAZINE FOR INSTITUTIONAL AND PROFESSIONAL TRADERS TM DOW TRANSPORTS Making a statement 14 BIG TEST LOOMS FOR THE NAZ Is support at hand? 18 THE TRUTH FOR SMALL-CAPS It’s make-or-break now 22 HEAVY IS THE HEART OF THE HOMEBUILDERS Lower prices ahead? 30 WHITHER OIL? The price should be rising, but… 31 THE GOLD BUG SWINGS 33 PHILADELPHIA HOUSING SECTOR INDEX AND CENTEX CORP THE Q’S 2B TOP 38 IS THIS THE PERFECT MARKET STORM? USD/JPY BREAKDOWN Negative divergences 43 Traders.com Greenspan and China, together! 39 Change service requested A classic reversal pattern 4757 California Ave SW Seattle, WA 98116-4499 A way to play and anticipate Copyrights 2007 © Technical Analysis, Inc All rights reserved CHART PATTERNS page ã Traders.com Copyrights 2007 â Technical Analysis, Inc All rights reserved May/June 2007 For more information, visit the S&C ad index at Traders.com/reader BE A BULL BE A BEAR JUST DON’T BE A SHEEP E traordinary per stock & options trade per options contract ® No fee No minimum IRAs FREE RESEARCH $6.99 $9.99 75Â đ independent sources with electronic statements & confirms2 Get started with 100 commission-free trades3 (800) 731-5226 getpoweretrade.com Click Call Visit For details and important information about Power E*TRADE, please visit getpoweretrade.com To qualify for $6.99 stock and options commissions & a 75¢ fee per options contract, you must execute 500 or more stock or options trades per month To qualify for $9.99 stock and options commissions & a 75¢ fee per options contract, you must execute 10–49 stock or options trades per month or maintain a balance of $50,000 or more in combined E*TRADE accounts during a calendar quarter Qualification will be determined at the end of each quarter To continue receiving these commission rates, you must requalify by maintaining a balance of $50,000 or more in combined E*TRADE accounts or by making at least 30 stock or options trades by the end of the following calendar quarter There is no annual custodial fee for IRAs if you sign up for and maintain electronic delivery of statements and confirmations If you choose paper delivery of these documents, you will be subject to a $25 annual custodial fee unless the total assets in your linked E*TRADE Bank and E*TRADE Securities brokerage accounts are $25,000 or more Other fees may apply May be subject to change Please visit etrade.com/nofeeIRA for details Commission-free trade offer applies to new Power E*TRADE accounts opened with $1,000 minimum deposit The new account holder will receive a maximum of 100 free trade commissions for each stock or options trade executed within 30 days of the opening of the new qualified account You will pay the Power E*TRADE commission rate at the time of the trades ($9.99 for stock and options trades—plus an additional 75¢ per options contract) Your account will be credited $9.99 per stock or options trade within eight weeks of qualifying (excluding options contract fees) Other commission rates apply to customers who trade less than 30 times a quarter or maintain less than $50,000 in linked E*TRADE accounts Account must be opened by December 31, 2007 Securities products and services are offered by E*TRADE Securities LLC, Member NASD/SIPC System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors © 2007 E*TRADE FINANCIAL Corp All rights reserved For more information, visit the S&C ad index at Traders.com/reader Copyrights 2007 © Technical Analysis, Inc All rights reserved Traders.com • page May/June 2007 May/June 2007 Traders com page • Traders.com THE MAGAZINE FOR INSTITUTIONAL AND PROFESSIONAL TRADERS TM MAY/JUNE 2007 • VOLUME NUMBER 19 Will The QQQQ Come Around? 10 Jumpin’ Nat(ural) Gas by David Penn Few sectors are as seasonally favored at this time of the year as are natural gas stocks How are they shaping up technically? INDEXES 14 Dow Transports Make A Statement by Arthur Hill Surging over the last few weeks, the Dow Jones Transportation Average is knocking on neckline resistance, and a breakout would be Dow theory bullish 14 The Russell 2000 Breakout by Arthur Hill The Russell 2000 broke consolidation resistance this month and the breakout signals a continuation of the ongoing uptrend 16 The S&P 500’s Fibonacci Foraging For A Bottom by David Penn Will a key Fibonacci retracement level provide support for the falling S&P 500? 18 The Amex Computer Index Looks Toppy by Arthur Hill The Amex Computer Index formed a head & shoulders reversal pattern over the last three months, and a neckline break at this point would be bearish 18 A Big Test Looms For The Naz by Arthur Hill The NASDAQ came crashing down on Tuesday, February 27, but support is at hand and the November–December 2006 lows hold the key to a medium-term reversal 19 Tokyo Nikkei Warning by Gary Grosschadl Yesterday’s Shanghai Composite Index meltdown caused major short-term dives on many major indexes around the world by David Penn After a bruising, week-long correction, positive divergences look to bring the quadruple Qs back 20 Rails Taking The Early Lead by Arthur Hill One of the top performers thus far in 2007, the Dow Jones Railroad Index caught fire over the last two weeks SECTORS 22 The Moment Of Truth For Small-Caps by Arthur Hill The Russell 2000 declined sharply over the past five days, and this key index is now trading at an important make-orbreak level 22 The Biotech Bet Is Back by David Penn Does the current test of support mean that biotech stocks are finally ready to move? 24 Can Retail Be Trusted To Break Out? by David Penn The retail stock HOLDRS wedged higher, but negative divergences frustrated progress 25 A Broker–Dealer Breakout by Arthur Hill The Amex Broker–Dealer Index broke triangle resistance and is leading the market The breakout is clearly bullish, but will it hold? 28 Are Housing Stocks Rolling Over? by David Penn Giddy talk of a bottom has shifted to anxiety about a market rallying into resistance 28 The Trouble With Tech by David Penn Disfavored seasonally, tech stocks struggle to make progress to the upside Copyright © 2007 Technical Analysis, Inc All rights reserved Information in this publication must not be stored or reproduced in any form without written permission from the publisher Traders.com™ is published by Technical Analysis, Inc., 4757 California Ave S.W., Seattle, WA 98116-4499 206 938-0570 or 800 832-4642 Printed in the U.S.A Copyrights 2007 © Technical Analysis, Inc All rights reserved TABLE OF CONTENTS Traders.com • page May/June 2007 Copyrights 2007 © Technical Analysis, Inc All rights reserved What Can eSignal Do for You? Make more successful trades with reliable data, advanced charting, news and integrated trading It’s no secret — successful traders have discovered the many benefits of eSignal’s award-winning data and software eSignal’s real-time quotes, scanners, news and charts make it easier to know what to trade and how to trade it Find out what eSignal can for you: Receive award-winning, real-time stock, futures, options and Forex quotes plus market-moving news Ask for your FREE Use market scanners to pull in your best opportunities from 1,000s of issues Let advanced charting with 100+ free and proprietary technical analysis studies show you when to make your market moves Back test your strategy to find out if it could help you make better trades Use eSignal’s seamless integration to trade with your choice of broker Tens of thousands of traders just like you use and trust the best value in financial market data Get your risk-free, 30-day trial today and find out what eSignal can for you software and educational CD-ROM Get Your Risk-Free, 30-Day Trial Now! 800.779.0121 eSignal is a division of Interactive Data Corporation (NYSE: IDC) *All fees will be refunded to you, minus any taxes and applicable add-on service/ exchange fees, if you cancel within the first 30 days of service Call for details eSignal has been voted “Best Real-Time Data” and “Best Delayed Data” by the readers of Technical Analysis of Stocks & Commodities magazine every year since 1993 x13550 eSignal has been voted “Best Real-Time Data,” “Best End-of-Day Data,” “Best Software for U.S End-of-Day Traders” and “Best Software for U.S./U.K Intra-Day Traders” by the members of the Trade2Win website For more information visit the ad index at Traders.com/reader page • Traders.com Traders com May/June 2007 THE MAGAZINE FOR INSTITUTIONAL AND PROFESSIONAL TRADERS TM TABLE OF CONTENTS by David Penn Negative divergences augur lower prices ahead for homebuilding stocks METALS AND ENERGY 31 So Where Is Oil Going? by Jacob Singer, PhC The price of oil should be rising, not falling 32 A Crude Bounce by David Penn Positive divergences in the MACD histogram anticipated the late January bounce in crude oil prices 33 Playing The Gold Bug Swings by Arthur Hill The Amex Gold Bugs Index has been range-bound the last 12 months, but the swings within this range offer a way to play and anticipate a bigger breakout 34 Lower Before Higher For Gold by David Penn Does a long-term sideways correction in gold need more downside? 34 Gabriel Resources by Jacob Singer, PhC So you believe that the hedge against a falling US dollar is to buy gold shares Well, so does everyone else Here is a stock to put on your watchlist CHART PATTERNS 37 Correction Time For The Dollar by David Penn Negative divergences signal a slowdown in the greenback’s six-week ascent 38 The QQQQ’s 2B Top by David Penn A classic reversal pattern helped traders anticipate the February 27th market meltdown in the NASDAQ 100 39 Is This The Perfect Market Storm? by Jacob Singer, PhC Alan Greenspan is no longer Federal Reserve chairman China is a Communist country practicing capitalism Put the two together Do you get a perfect market storm? 40 Transportation’s Correction Destination by David Penn A trend channel’s upper boundary provides resistance to a rally transportation sector 40 Will Bonds Test A Bottom? by David Penn Negative divergences set up the 10-year note for a correction and possible test of the summer 2006 bottom 42 Breakout Under Threat For The S&P MidCap Index by Arthur Hill The S&P MidCap Index broke flag resistance a week ago but quickly met resistance This breakout is up for a big test Will it hold? 43 Negative Divergences And The USD/JPY Breakdown by David Penn After two months of appreciation against the yen, the USD/JPY took a hard hit in February going into March 44 Betting On The Bounce by David Penn A 50-plus point decline in the S&P 500 leaves traders looking for clues on when to climb back in 45 Cotton Rising? by David Penn It’s far from summertime, but May cotton futures appear to be establishing a bottom that could see higher cotton prices over the next several weeks 46 Be Like Buffett by David Penn For the past seven years, money manager Doug Davenport and The Wisdom Fund have offered investors a chance at investing in stocks “Warren’s way.” 49 Advertisers’ Index 50 Authors And Artist 50 Glossary Copyrights 2007 © Technical Analysis, Inc All rights reserved 30 Heavy Is The Heart Of The Homebuilders Traders.com • page May/June 2007 A more powerful tool for testing your strategies FIDELITY WEALTH-LAB PRO ® TRADESTATION ® YES NO Integrated historic Earnings Estimate & Analyst Ratings YES NO Integrated historic Economic Indicator data YES NO Cost of 1,000/5,000 share trade2 (online equity and limit orders) $83 $8/$32 None $516 per year Portfolio-level backtesting with margin1 and money management Platform/Data fees4 Date verified 3/1/07 With Fidelity Wealth-Lab Pro®, you can test a whole range of stocks at once, utilize fundamental and technical data and access historical economic indicator data There are also over a thousand pre-loaded strategies for you to put to the test What’s more, it’s free when you’re an Active Trader, a savings of about $500 per year5 Call a trading specialist today or download a free 30-day trial at Fidelity.com/wealthlab2 Power Price Service No compromises.® 1.800.396.9118 l Fidelity.com/wealthlab2 System availability and response time may be subject to market conditions Margin trading entails greater risk, including but not limited to risk of loss and incurrence of margin interest debt, and is not suitable for all investors Please assess your financial circumstances and risk tolerance prior to trading on margin Margin credit is extended by National Financial Services, Member NYSE, SIPC Per trade pricing comparison based on data as of 9/26/06 for the cost of a 1,000 and 5,000 share trade Certain restrictions apply Directed Trading orders, stocks trading under $1, and Extended Hours trades are subject to the $8 base rate up to 1,000 shares plus $0.005 per share thereafter See a Fidelity commission schedule for complete details $8 online trades are available to eligible household accounts who qualify for Active Trader Pro® or have $1M in assets Software/package fee comparison based on data as of 9/26/06 for the accounts with less than $500,000 and an average of 300 annual equity trades of 1,000 shares each Active Trader Pro® and Wealth-Lab Pro® are available to investors in households that place 120+ stock, bond, or options trades in a rolling twelve-month period, plus $25,000 in assets across their eligible Fidelity brokerage accounts TradeStation® is a registered trademark of TradeStation Technologies, Inc All other trademarks appearing above are the property of FMR Corp Fidelity Brokerage Services, Member NYSE, SIPC For more information visit the ad index at Traders.com/reader 436761.3 Copyrights 2007 © Technical Analysis, Inc All rights reserved (Along with your hunches, guesses and gut feelings.) page • Traders.com May/June 2007 May/June 2007 • Volume 5, Number TRADING NOW com Traders THE MAGAZINE FOR INSTITUTIONAL AND PROFESSIONAL TRADERS TM EDITORIAL editor@traders.com OFFICE OF THE PUBLISHER Publisher Jack K Hutson Credit Manager Linda Eades Gardner Industrial Engineer Jason K Hutson Project Engineer Sean M Moore Accounting Assistant Jane Leonard Controller Mary K Hutson ADVERTISING SALES 4757 California Ave S.W Seattle, WA 98116-4499 206 938-0570 Fax 206 938-1307 advert@traders.com C ould the subprime mortgage market be poised to have a similar fate as the dotcoms? The recent turmoil in the US subprime mortgage market has made it abundantly clear that the financial markets are sensitive to changes in any sector, whether it is in the credit markets or in company earnings In fact, if the subprime mortgage market crisis does not stabilize, it could hurt the US economy and eventually affect the global economy itself But when will the subprime market get on an even keel again? The consensus is that it will stabilize toward the end of 2007 — but it would also depend on other economic fundamentals such as interest rates and overall housing trends This is why, as a trader, you know it is important to keep an eye on the economic fundamentals just so you know what the big picture looks like and what you must be on the lookout for To aid in this endeavor, in this issue of Traders.com we have included articles on the housing sector, with “Are Housing Stocks Rolling Over” and “Heavy Is The Heart Of The Homebuilders,” both by David Penn, as well as articles that focus on indexes over the world — “The Russell 200 Breakout” and“A Big Test Looms For The Naz,” both by Arthur Hill, not to mention “Tokyo Nikkei Warning” by Gary Grosschadl and “Negative Divergences And The USD/JPY Breakdown” by David Penn National Sales Manager Edward W Schramm Classified & Web Sales Chris J Chrisman Production Coordinator Karen Moore CIRCULATION Subscription & Order Service 800 832-4642 206 938-0570 Fax 206 938-1307 circ@traders.com Subscription Manager Sean M Moore Assistant Subscription Manager Agnes Dimaano Subscription Sales Tina Row, Janis Thomas, Carmen Hale WEBSITE http://www.traders.com Staff members may be e-mailed through the Internet using first initial plus last name plus @traders.com Authorization to photocopy items for internal or personal use, or the internal or personal use of specific clients, is granted by Technical Analysis, Inc for users registered with the Copyright Clearance Center (CCC) Transactional Reporting Service, provided that the base fee of $1.00 per copy, plus 50¢ per page is paid directly to CCC, 222 Rosewood Drive, Danvers, MA 01923 E-mail: http://www.copyright.com For those organizations that have been granted a photocopy license by CCC, a separate system of payment has been arranged The fee code for users of the Transactional Reporting Service is: 0738-3355/2007 $1.00 + 50 Subscriptions: Subscribe to one of two online publications available at Traders.com: Traders.com Advantage or Working Money USA: one year $64.99; foreign surface mail, add $15 per year USA funds only Washington state residents add 8.8% sales tax VISA, MasterCard, Amex, and Novus Discover accepted Subscription orders: 800 832-4642 or 206 938-0570 Traders.com™, The Magazine for Institutional and Professional Traders™, is prepared from information believed to be reliable but not guaranteed by us without further verification, and does not purport to be complete Opinions expressed are subject to revision without notification We are not offering to buy or sell securities or commodities discussed Technical Analysis Inc., one or more of its officers, and authors may have a position in the securities discussed herein The names of products and services presented in this magazine are used only in an editorial fashion, and to the benefit of the trademark owner, with no intention of infringing on trademark rights ders And that is only a fraction of the useful articles you’ll find here and at our online publications, Traders.com Advantage and Working Money, or even STOCKS & COMMODITIES magazine Take a look at our website and see what we have to offer Check us out — that will enable you to: • Visit Traders’ Resource, our reference to all things technical analysis • Check out our Online Store, where you can download PDFs of past S&C articles, from 1982 all the way to the present, for a nominal charge • Examine our Traders’ Glossary, growing by leaps and bounds • Visit our Subscribers’ Area, where you’ll find computer code that has been referenced in S&C articles; and finally, • Visit our Message-Boards, where you can share your opinions of trading technical analysis, and most everything else you can imagine with other traders C haos theory posits that one action on one side of the world will have an effect on something that is seemingly unrelated elsewhere Will this concept hold true in the financial markets? We can only wait and see, and keep a wary eye out Jayanthi Gopalakrishnan, Editor http://www.Traders.com Home – everything starts here http://Working-Money.com Direct to Working Money http://Technical.Traders.com Trading product information http://Store.Traders.com Order products and articles http://Message-Boards.Traders.com Ask and answer questions http://Search.Traders.com Search our websites http://www.traders.com/S&C/SiteSearch.html Browse or search our websites Copyrights 2007 © Technical Analysis, Inc All rights reserved Editor in Chief Jack K Hutson Editor Jayanthi Gopalakrishnan Managing Editor Elizabeth M.S Flynn Production Manager Karen E Wasserman Art Director Christine Morrison Graphic Designer Sharon Yamanaka Technical Writer David Penn Staff Writers Dennis D Peterson, Bruce Faber Webmaster Han J Kim Contributing Editors John Ehlers, Kevin Lund, Anthony W Warren, Ph.D Contributing Writers Don Bright, Thomas Bulkowski, Martin Pring, Adrienne Toghraie Traders.com • page May/June 2007 More Choices Trade the market as you see fit We offer minimum deposits starting at $250, smaller minimum lots sizes, multiple order types including automated trailing stops, and over 60 currency pairs to trade Amazingly robust charting capabilities allow you to track and trade directly from the charts—you’ll have no need (or desire) for any other trading applications More Tools VA More Analysis CE D C DealBook® 360, now more than ever, provides you with the trading tools you need to get more out of the world’s largest financial market Try a risk–free demo account to discover why people like you have made DealBook® 360 the awardwinning platform of choice for forex traders worldwide There’s no need to leave the platform to view realtime news and analysis from Dow Jones Newswires and Informa Global Markets Have your own favorite news sources? 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You CAN break into the Winner’s Circle! SECTOR SPOTTING Jumpin’ Nat(ural) Gas modity move from under five (basis continuous futures) to over 14 At the time, I concluded: by David Penn Few sectors are as seasonally favored at this time of the year as are natural gas stocks How are they shaping up technically? Don’t Take Our Word For It LISTEN TO OUR STUDENTS Creating Winning Traders for over 11 years See Why Our AWARD WINNING Program Just Plain WORKS TRADE WITH CONFIDENCE Voted Top Ranked Futures Daytrading Course SIMPLE – TESTED UNDER FIRE WORKS CONSISTENTLY LEARN WITH LIVE REAL-TIME TRADING DON’T SETTLE FOR LESS — Trade any market you like Stocks, Forex, Futures — Daytrading To Long Term COURSE INFO / CHARTS REAL TRADING EXPERIENCES www.RSofHouston.com Sign up for Free Live Trading Demo & Lessons – Today (281) 286-9736 More info: Traders.com/reader A new year is often a time to start fresh, a time for new plans and resolutions In the investment world, starting anew at the beginning of a new year is a little trickier While there are trading notions like the January effect that traders can pay attention to, as well as the annual reconfiguring of the Dogs with the Dow portfolio, there are precious few sectors that speculators and investors can get excited about in the first few months of the year That is— Save for natural gas stocks, that is A great number of sectors tend to begin their most favorable seasonality in the autumn, particularly September and October But at the beginning of the year, according to the work of Yale and Jeffrey Hirsch in their Stock Trader’s Almanac, only natural gas presents itself as an opportunity for traders to get in on a potential sector rotation early According to the Hirsches, natural gas — as measured by the natural gas index, $XNG — has favorable seasonality between the beginning of February through the beginning of June The returns during this seasonal period are impressive, with an average 10-year return of more than 19% and a fiveyear return of more than 10% At a time when a great many investors are pondering the fortunes of tech stocks, or waiting impatiently for homebuilders to bounce, those who turn their attention to the natural gas stocks may find themselves pleasantly surprised at what kinds of opportunities the first few months of the new year may bring GAS AU NATURALE The last time I wrote about natural gas in any context was an article for Traders.com Advantage in October 2005 (“About That Gas,” October 6, 2005) In that article, I pointed out a battle between the bulls and bears in the wake of a yearlong advance in natural gas that had seen the com- An apt conclusion, as a picture-perfect 2B top in the fourth quarter of 2005 led to a bear market that completely retraced the October 2004-December 2005 bull market In fact, by late September 2006, natural gas was trading lower than it was in September 2004 (again, basis continuous futures) It is this bear market that appears to be the beginning of a renewed move higher in natural gas Note the chart of weekly continuous natural gas futures in Figure Throughout the entire course of 2006, natural gas futures were making lower lows in price, while making higher lows in the moving average convergence/divergence (MACD) histogram MACD histogram divergences in weekly charts are some of the best, most powerful divergences speculators can follow, which bodes well for the late Septemberearly October bottom in 2006 The March 2007 contract for natural gas is where speculators should look for a closer sense of where the commodity is right now That contract also PROPHET FINANCIAL Hear Student Success Stories on our Website What is different about the most recent late September peak is that there is also a negative divergence in the MACDH While I tend to put more weight on stochastic divergences than MACDH divergences — at least on daily charts — the fact that the MACDH is decreasingly bullish (smaller positive values) is another warning that the bull run in natural gas might be closer to its conclusion than many energy traders think Copyrights 2007 © Technical Analysis, Inc All rights reserved Trade BETTER than YOU ever IMAGINED! May/June 2007 FIGURE 1: NATURAL GAS, CONTINUOUS FUTURES, WEEKLY A 2B top in the fourth quarter of 2005 led to a major bear market that completely retraced the previous advance Note also the positive divergences throughout 2006, which suggest that the autumn bottom in 2006 will be a lasting one FIGURE 1: GABRIEL RESOURCES, WEEKLY The mine first started trading in early 2005 before reaching a high in October that year FIGURE 2: GABRIEL RESOURCES, DAILY The flag formation is shown here, where the shortterm support line meets the long-term resistance trendline OMNITRADER PROFESSIONAL Figure shows that the buy signal was given on the vote line on November 21 when the price was $4.72, and retained that position even though the stochastic relative strength index (RSI) shown on the chart did give short-term buy and sell signals (shown with vertical lines) At the moment the indicator is falling and could soon reach an oversold position, giving a short-term buy Should you decide that you would like to buy the stock, wait for this signal To conclude, Gabriel Resources looks very interesting and could be bought once the indicator suggests Or the vote line of the Omnitrader program gives a reinforcing buy ■ This article was first published on 1/11/2007 See www.Traders.com for more PRIVATE TUTORING • FREE TRIAL FIGURE 3: GABRIEL RESOURCES, DAILY Here are the Omnitrader buy and sell signals Chicago Board of Trade Member can Teach You to Make Money Trading: E-MINI S&Ps • Stocks • Currencies • Gold • T-Notes • Grains • ETC than the price movement for that week An Elliott wave count as suggested by the Advanced GET program shows that a fourth wave has still to be completed (a 49% probability of this happening) The program also suggests an immediate target of $4.61 with an outside target of $4.11 The stochastic indicator is negative but is approaching a level, shown by the trendline, where the price has turned positive Note how at point A the price broke above the main resistance line, which appears to have become a support line Figure shows the flag formation more clearly, suggesting a target of $4.41, the confluence where the short-term support line of the flag meets the long-term resistance/now support trendline before a movement up The stochastic indicator does appear to be bumping along a support trendline and suggests that a turning point could occur in the near future To obtain a more definite analysis, I turn to an Omnitrader daily chart All Trading Methods Taught are Powerful, Precise & can be Traded Electronically In this Exclusive Trading Course you’ll be taught how to Make Money: Daytrading • Inner-Daytrading • Speed-Trading • Intermediate Trading and Long Term Trading WWW.JONATHONSTONE.COM Mr Stone • 847-295-0056 More info: Traders.com/reader Copyrights 2007 © Technical Analysis, Inc All rights reserved Traders.com • page 35 ADVANCED GET May/June 2007 page 36 • Traders.com May/June 2007 EVERYTHING we’ve ever published about technical analysis N OW LE B L A I A AV Making money on a second-chance breakout That interview with John J Murphy * updated through December 2006, at your fingertips! * For Windows 2000/XP/Vista Get S&C On DVD 9.24 S&C on DVD 9.24 is the single most information-packed resource in the industry Put 25 years’ worth of the best technical analysis articles, interviews, and reviews to work immediately — order today! Trade smarter by testing your trading idea against as many methods as you can find — S&C on DVD 9.24 offers hundreds! Limit losses by understanding the psychology of trading — scores of articles will help you avoid the mistakes so many other traders make Profit by learning and using the formulas and computer code used by the experts — it’s all here! Find the perfect match of software for your trading style by reading through our exhaustive compilation of reviews † Washington State addresses require 8.9% sales tax ** With return of original disk S&C on DVD 9.24 ASK ABOUT ON-SITE LICENSES $395 Upgrade from Version 8.23 Upgrade from Version 7.22 Upgrade from Version 6.X Upgrade from Version 5.X Upgrade from Version 4.X Upgrade from Version