Monday, April 27, 2009

ChartsEdge's (U.S. Equities) map for 4/27

ChartsEdge's Market Map
for Monday, April 27 (at right):


Source/information: Chartsedge Daily Market Maps.


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Thanks Mike Korell/ChartsEdge!

Folks - yes, I see that the daily map "looks" different than Monday was indicated on their weekly cycle forecast! First, remember they are generated with different methods, and obviously have different time focus. (And that we're to use them more for timing than relying on absolute levels ... and if any map or forecast stops "working" then be sure to reference something else.)

Second, what's your focus - daytrading, swing trading, or managing a position? (Or in cash and making decisions about any of those time frames?) A number of good suggestions have been posted here that include support/resistance numbers, channel and trendline support/resistance levels, references to cycles timing, and technical indicators to watch. Plenty of information to see what works for you, your time frames, and your style. Happy marketing navigating!

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