trading

trading

Friday 27 May 2011

"context is everything"







CGW  looks like it could move from bullish flag, but we have to keep things in context of the overall market.
When it comes to understanding the price/volume behaviour of stocks, context is everything. Things that work at times don't work at other times, believe me I know this from my personal experience, and that's why is so important to know the market underlying conditions or context. The exercise of comparing the price behaviour of a stock to a chart of the market as represented by a major market index can help you understand a stock's potential strength.

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