Author: Dawgnabitt

Yeah it’s been a while since I’ve written something or even write about my angst about some maroon.  What should I write about anyways when everything about chart reading has been said.  But I should state the more obvious and less trivial and most logical of all.  Enter big angst. Lower Time Frame Follows The…

Happy New Year!!  Alright, the last few issues, we saw how momentum works through its 2 engines – Accumulation and Distribution.  We also saw how the price action looks during these times when momentum is shifted from selling to buying and vice versa.  We touched on a little bit on how legs help you determine…

Okay, so we sorted out what momentum is and how it is generated.  Those are part of the basics of momentum. And the key thing about volume is the type of volume coming in.  And then, how it will change the outlook overtime as it progresses.  Again, what we are going over are basic tenets…

Well, someone just forced my hand.  Someone from Grapevine, Texas.  We will talk about Volume next.   I think you have missed the difference between accumulation and distribution based on volume. The lack of volume from the dates posted above does not denote distribution or accumulation. The area of the chart that is missing is…

If you’re wondering what the hell “Weeee’d” is, its a play with words.  I really meant read.  Even in our little group, the skill of reading the chart properly is lacking.  It is a confounding issue.  What is actually happening is that people don’t incorporate a lot of what they learn to the basics.  It…

There are only 2 indicator, lower study indicators, that I use.  And those of you that know me, know exactly what they are.  Obviously, you can see my charts and you will notice what they are.  The thing that I would like to emphasize is that these indicators are volume sensitive.  And reactions to volume…

When you listen to the “analysts” on the tele, you get a feeling that these people are as clueless as everyone else. You also get the feeling that when the mic gets in front of them, they start to speak their political mind.  The interesting point is to note the duplicity that these media people…

Well I was told the Robert Hoffman of Power Charting blew up during a live trade to a tune of over $300k.  The following charts will show you why he blew up.  Apparently he was long just before the high on Thursday.  Don’t really care to know where.  Evidence in the charts show, he failed…