Here's what some are saying about SP500Chart.com...
"Jim does an excellent job at explaining the technical patterns that are present within the market on a daily, weekly, monthly, and yearly basis. Not only does Jim explain the chart patterns well, but he takes time to ensure his viewers are grasping the key technical concepts and ideas. I have been a viewer of Jim's daily market recaps for several months and have learned a great deal from his teachings." -Rick Hudnett M.B.A.
"If you want an unbiased explanation on the stock market's price action, I highly recommend SP500Chart.com. It's a no-bull, no-fancy jargon daily explanation of straight forward chart reading. He makes it so easy to follow, too. The whole site is refreshing compared to other sites I've been on. There is a real community in the forum area where knowledge and ideas are shared every day. Best I've seen. Jim's chart explanations has empowered me to make several winning trades. Very skilled at recognizing and identifying chart patterns and trend lines. Subscribing has been a blessing to me and my portfolio." - Matt M. from Texas
"Jim does an excellent job at explaining the technical patterns that are present within the market on a daily, weekly, monthly, and yearly basis. Not only does Jim explain the chart patterns well, but he takes time to ensure his viewers are grasping the key technical concepts and ideas. I have been a viewer of Jim's daily market recaps for several months and have learned a great deal from his teachings." -Rick Hudnett M.B.A.
"If you want an unbiased explanation on the stock market's price action, I highly recommend SP500Chart.com. It's a no-bull, no-fancy jargon daily explanation of straight forward chart reading. He makes it so easy to follow, too. The whole site is refreshing compared to other sites I've been on. There is a real community in the forum area where knowledge and ideas are shared every day. Best I've seen. Jim's chart explanations has empowered me to make several winning trades. Very skilled at recognizing and identifying chart patterns and trend lines. Subscribing has been a blessing to me and my portfolio." - Matt M. from Texas
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The 'Tried and True' methods work today EVEN in this volatile market!
See for yourself just how effective the 'old style' chart reading techniques can be, even in today's markets. Get daily updates with updated chart analysis that takes the day's action into account. These videos average 10 minutes in length and take a look at long term, intermediate term and short term developments. We will look at patterns and channels that are found in charts of just about every time frame imaginable. I have found that the 5 minute chart is just as reliable with these things as the daily chart. Don't miss the opportunity to get a 'heads up' with market direction. Check out the 'Subscribe Today' link and see just how reasonably priced this valuable service is.
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Honestly, Does Charting Stocks Really Work?
For decades, even centuries, investors and traders have struggled to develop systems and strategies that would enhance their chances of success in the financial markets. Some have developed methods based upon fundamental analysis such as value investing or discovering cyclical patterns that have an underlying fundamental basis for their existence. Others have tried wave theory and other esoteric means to try to gain some form of understanding that would put them above the fray of the oft-frenzied market action.
Others have studied stock charts in order to uncover behavioral tendencies of the past in order to help them potentially understand future behavior. This is what "Old School Charting" is all about. Charting is partly based upon the idea that the emotional makeup of today's investor is essentially the same makeup of the investor of 10, 20, 50 or 100 years ago. Human nature still carries the same desire for gain and lack of tolerance for loss today as in the past. In other words, there is nothing new under the sun when it comes to the way people desire gain or avoid pain. Hence, stock charts tend to look much the same today as they always have. Consider this. A chart is an historical record of price movements. Those prices are moved up and down by human action and interaction with each other. So, the chart of a record of price movements is also a graphical representation of human behavior. It is a picture of the struggle between buyers and sellers. This graphical representation will often reveal patterns that repeat over and over with largely the same eventual outcome as the result. The value of charting is in finding these patterns and tendencies and exploiting them for their predictive powers. Are charts infallible? Absolutely not! The best and most predictive patterns may only be 75-80% predictive. Some may only provide an edge of 60%. But, this is an edge that can lead to better decisions. I do not rely upon computer generated indicators much at all. These indicators are mostly blind to the kinds of things that a good chartist is looking for. By the way, I am not a professional trader or a professional financial adviser or anything of the sort. I make no guarantee that anything discussed or revealed on this website will lead to gains. In fact, all of this could lead to substantial loss. There is nothing guaranteed in the markets other than surprises. By profession I am a photographer. By training I am a musician. By choice and out of innate curiosity, I am a stock chartist. Please enjoy what you find here. Take it with your own wisdom and sense of sober judgment. I believe that there is a lot to be learned here. And, to give credit where credit is due, the majority of what is discussed in these pages was gleaned from the work of John MaGee and Robert Edwards, the authors of what many consider to be the best resources of charting ever to be found.  |