NASDAQ Crosses Important Trend Line
Another tough day for stocks, with averages down well over 1%, and the NASDAQ falling even more. As traders, when we look at this market we can use it as an opportunity to make money or we can become frustrated by the volatility. One of the easiest tools to use is a trendline – whether you are a long term trader or a short term trader. The trend line is not a complete trading system but it can provide you with a directional bias for your positions so you can avoid being caught in the sharp movement that occur in the direction of the trend…and you can get out of snap-back reversals with minimal damage using your trendline as well.
In this new video Adam will show you how the NASDAQ index has broken a very important trend line and what the ramifications are for this index.
We can all learn from the simplicity of this approach and how effective it is in the long run.
As always these videos are free to watch and there are no registration requirements.
http://www.ino.com/info/511/CD3784/&dp=0&l=0&campaignid=3
Cory Mitchell, CMT
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