FYI | Feb 14 2012
By Rudi Filapek-Vandyck
FNArena has added another video to its Investors Education section on the website. In this week's video broadcast, ATW's Jerry Simmons observes many price charts for financial assets are showing dojis. A doji is when trade opens and closes at a similar price level, indicating mere indecision and uncertainty among market participants about which way forward. Often, but not always, dojis are the canaries that announce a pending change in trend.
Among the observations in this video are dojis for copper, gold, silver and commodities in general. The S&P500 index has formed two dojis in the past three weeks.
Simmons takes a closer look at EUR/USD which he believes could be on the verge of a multi-months move. Plus he investigates the various cycles for the Dow Jones Industrials. Interestingly, it is his observation the Nasdaq has become a rogue index, while momentum for its leader Apple seems to be slowing down.
To view the ATW Strategic Prep Video click HERE or visit the FNArena Investors Education section of the website.
Here's the direct link: https://www.fnarena.com/index2.cfm?type=dsp_front_videos&vid=70
All views expressed are Jerry Simmons's, not FNArena's (see our disclaimer).
Jerry Simmons has over 25 years of full-time trading experience. He is the senior partner and head mentor for the “Masters” Programme within the education system at New York based Advanced Trading Workshop (ATW).
FNArena is pleased to have Jerry Simmons as a highly valued contributor to its service which aims at both educating investors and assisting them with their own market analyses.
The above mentioned videos can be accessed via the FNArena Investor Education section at https://www.fnarena.com/index4.cfm?type=dsp_front_videos)
