Friday, January 09, 2009

09:00 AM  
 
Give a look to the energy sector.

The stocks in the energy sector will look similar to ETF XLE. I have posted a chart here of SWN.  Dr. Schaap teaches trend dynamics.    Do not confuse a move up to previous highs as a reversal of trend. Click here for A short Lesson on Trend Reversal  "ADXcellence: "Power Trend Strategies"    by Dr. Charles B Schaap

Great Xpectations™  SWN weekly chart +$6.   Notice that the higher pivot highs and higher pivot lows of price (Green arrows) agree with the +DMI and then ADX starts rising. This was a trend. Now you know what to watch for.

Some Great Xpectations™  moving in this sector  TSO+60%, HWK+35%, SUN+22%, SWN+20%, and INT+80% since November.