This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.
I will be looking at today's close in order to get a better sense and understanding of the markets current condition. In order for the DJIA to stabilize, it needs to bounce off the 13k level and reclaim its 200 day MA in the upcoming days and weeks. Otherwise, this is just an oversold bounce with resistance (instead of support) at the the 200 day MA.
posted by Nick M. @ 12:25 PM
Hello and welcome to my blog. My name is Nick and I am a recent graduate of a top research university. I currently hold a BA degree in Psychology. My main interests are industrial/organizational psychology, HR management and of course, securities and the financial markets. I became interested in trading and investing in stocks a few years ago by pure chance and curiosity. After learning some of the basics in 2003, I began to trade in full force in 2004. Although I've been trading for only a few years, I have learned much about stocks, and analyzing charts in this relatively short time span. My experience and chart reading skills are my edge in successfully navigating the stock market. My strategy and discipline is a blend of trader and stock picker. My style of trading has helped me find some of the current markets top winners in their infancy. In addition to my own personal trading and investing, I also manage assets and portfolios for close friends and family. My goals are to continue to improve and refine my trading/investing strategies in order to further enhance my performance in the market. Eventually, I would like to establish my own investment/asset management firm.
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