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No Losing Trades And Whats Trying To Kill You

By Sean Phelps

A really interesting pattern which I think you need to see has occurred on the Nasdaq.

Going back to the July period of 2008 you are able to sketch three circles above the highs of a distribution pattern. The key reason why I it is known as a distribution pattern is the fact that technically, it’s not a Head and Shoulders or any other pattern. Through analyzing the pattern nevertheless, we do see that it’s a distribution pattern that results from profit taking and shorting.

The three circles can be drawn over a eerily identical pattern that started in January of 2010 and that ended last week.

So if we execute a trade triangle layover you can see that we have experienced a down monthly triangle. The reason that this really is so substantial is that the monthly triangle is utilized to ascertain the longer term trend which is down. Exactly how accurate is the monthly trade triangle? Studying the chart you will notice that each monthly trade triangle since April of 2008 has been correct. Employing my Guerilla Stock Trading method of a 5% to 10% gain including a 5% stop loss, we would have made money on every monthly trade triangle signal since April of 2008!

The weekly trade triangle remains up meaning the monthly trend and the weekly trend are in contradiction. The question you’ll want to think about all comes down to if the longer monthly downtrend will pull the weekly trend lower, or if the weekly trend has turned positive first and the monthly trend is soon to follow.

I believe the case for a downward swing like the type we had back in 2008 when this pattern formed is a bit more likely. The reason why, beyond the fact that the larger trend trumps the shorter term trend, would be that the U.S. government came out last week and all but formally announced the economic recovery is now dead.

The newest crises we now have is the fact that with the amount of folks unemployed, state budgets must be cut. The cuts necessary are so drastic that in some government sectors, 50% of the workforce has been laid off.

Perhaps Caroline Baum of Bloomberg News said it best: What we had was a government-recommended course of amphetamines (to keep it up), antibiotics (to counteract infection) and antidepressants (to really make it feel better). It suffered regular steroid injections from both monetary and fiscal authorities. And it still has no real muscle mass.

Technical analysis patterns that attempted to steal all your money. Find out more at no losing trades

categories: stock trading,stock market,nasdaq,technical analysis,investing,business

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Article Citation
MLA Style Citation:
Phelps, Sean "No Losing Trades And Whats Trying To Kill You." No Losing Trades And Whats Trying To Kill You. 16 Aug. 2010. 1 Aug 2014 <>.

APA Style Citation:
Phelps, S (2010, August 16). No Losing Trades And Whats Trying To Kill You. Retrieved August 1, 2014, from

Chicago Style Citation:
Phelps, Sean "No Losing Trades And Whats Trying To Kill You"

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