Posted on November 7, 2009 - by Createwealth8888

Who Moves My Market? – Part 4

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I like the simplicity of support and resistance. It can work because it is based on simple crowd psychology; but, sophisticated traders don’t like to admit it that it can work. Many Gurus have developed so many technical indicators, and every Guru claims their indicators work best. Who should we believe?

If you could predict where the market is heading, you would be a millionaire many times. Unfortunately, no one has developed an indicator that will predict the future. Many indicators have been created that will give you a probable direction of the market. But, the concept of support and resistance have not been claimed to be developed by any Gurus and it can also be predictive and even allow you to queue to buy or sell your stocks well ahead of any other indicators. Read more…

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