Courtesy of Read the Ticker.
A change in long term momentum can forecast that the trend is near the end!
Energy is required to move a stock, and YES it does run out! Energy (demand or supply) can be measured by standard momentum tools (Detrending Price Osc), and keeping an eye on the longer term momentum trend is vital to keeping your profits.
Wyckoff traders must monitor long term momentum to check accumulation and distribution patterns on there charts. Major price weakness will be forecast by major momentum weakness.
Below are two major trend changes.
Apple Inc
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Metal stocks
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Investing Quote…
..“The only way you get a real education in the market is to invest cash, track your trade, and study your mistakes…. The examination of a losing trade is tortuous but necessary to ensure that it will not happen again.”..
Jesse Livermore
..“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.”..
Bernard Baruch
..“The main purpose of the stock market is to make fools of as many men as possible”..
Bernard Baruch
..”Markets are designed to allow individuals to look after their private needs and to pursue profit. It’s really a great invention and I wouldn’t under-estimate the value of that, but they’re not designed to take care of social needs”..
George Soros
…”The four most dangerous words in investing are ‘This time it’s different’ “…
John Templeton
