Tuesday, May 5, 2009

DJ 30 Chart breaking through Important Resistance

Check my new chart, In my post on Feb 4, the DJ chart showed EMA(72) acting as a solid resistance for swing trading point of view. On 24th April DJ 30 Index pierced through EMA(72), which shows a positive sign of market improving for swing traders, If index continue to go up chances of touching back to EMA(72)in short term is very high before bouncing back from this EMA(72) level.

Video - Mark Douglas - Mind Over Market

The following webpage plays a great Wizetrade TV video interview with Mark Douglas, discussing the probabilistic nature of the markets and the mindset challenges that prevent many of us from achieving consistent results.

Video is 54 minutes long, but worth to watch if you interested in learning mental chellenges in trading market.

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