Sample Market Wrap Sample 12:30 pm update Sample Morning Coffee Talk
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Support and Resistance is actually a picture of value. What is the market willing to accept, and what is it willing to pay? What is this stock's history of these support and resistance levels? Where is it now?
X1 is a tool that automatically depicts Support and Resistance lines on thousands of issues. Short term, Medium term, and Long term time periods are detailed. Participants can review historical Breakouts and Breakdowns and more importantly, develop a trained eye in evaluating past price performance to help gauge present price position.
The X2 is a Trend Analyzer with a Slow Stochastic indicator that shows you when a trend is changing.
A TREND is really nothing more than Support and Resistance on an angle. The problem is to determine where the present stock prices stand relative to it's rising or falling price trend.
With X2 YOU WILL SEE THE HISTORICAL TRENDS. The important advantage is that these charts offer clear recommendations as to whether to STAY LONG, or SHORT, or AVOID. Whether to initiate a position, LONG or SHORT, whether to ADD to a position.
Relative Strength is simply a measure of how one stock is performing relative to another. The X3 analysis and computations behind this comparison is tremendously complex.
Criteria must be defined and crafted in the screening process. TREND, VOLUME, TIME, MOMENTUM are just a few characteristic that need to be factored.
However as an investor you simply WANT THE IDEA! SHOW ME THE STOCK!
X3 is a SCANNER, that filters through NYSE, AMEX, and NASDAQ stocks. Each morning you will view a list of RELATIVE STRENGTH issues as well as RELATIVE WEAK selections.