Posts Tagged ‘politics’
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Presidential Election Risk Management
alphatrends, October 15th, 2008 at 9:25 pmWhether you are a died in the wool Republican or Democrat really doesn’t matter to the markets. On September 5th the McCain contract broke above a CUP AND HANDLE formation (point 1 on the chart below) and I suggested that the trend was “innocent til proven guilty.” Eleven days later I posted [...]
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McCain Contract up 25%
alphatrends, September 16th, 2008 at 8:09 pmsince THIS POST about breaking past the cup and handle. I would lock in partial profits if long and raise the stop on the balance to protect profits. Regardless of what market you trade, it is all about RISK MANAGEMENT! Emotions have no place in the business of speculation.
while the support near [...]
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McCain Breaks Cup & Handle
alphatrends, September 5th, 2008 at 2:12 pmThe McCain Presidency contract broke above the 20 & 50 day MA’s in early August and has held the gains nicely. Since the beginning of August there has been a nice pattern of higher highs and higher lows. With a rising 50 DMA, this market remains “innocent til proven guilty”. Notice the [...]
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Brian Shannon is a full time trader (with 17 years of experience), educator and author of the highly regarded book Technical Analysis Using Multiple... More »
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