- Using Triangles to Forecast the Time of Penetration and Major Trend Changes- In this post I will show how triangle apexes can be used to identify major support and resistance levels and expect major trend changes. Furthermore, I will also show how you can determine the direction of penetration, the expected time of triangle penetration and the minimum price objective of the subsequent price action. This post will incorporate conventional technical analysis principles as well as the Elliott Wave Principle.
- What stage of the business cycle is the US Economy in?- I will compare the relative strengths of the 9 AMEX SPDRs to determine the stage of the business cycle the US economy is in.
- Which asset classes and sectors will result in the best performance at this stage of the business cycle?- I will first identify whether to invest in stocks, bonds or commodities. Then, assuming the investment portofilio is comprised completely of equities, by using insights from sector rotation, I will identify the particular sectors that will give investors the greatest earnings potential (high return or limited losses relative to other sectors.
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Technical Analysis Base Website at http://www.technicalanalysisbase.com and
Sanjeet Parab Blog at http://sanjeetparab.blogspot.com
Sanjeet Parab
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