By Dr. Mircea Dologa, MD, CTA*
Posted: Nov 6, 2009

Learning the intuitive approach, true as ever, in the practice of profitable trading, just might catapult the trader's efficiency well ahead of the crowd's, due to the approach's global discernment or perception. The resulting acumen will give the trader the power to see what is not obvious to the average mind. It goes even further, enhancing the implementation of local action, as a result of general observation. It is like an expert guide unlocking the wisdom of the subconscious mind.

(RTTNews) - Power-One Inc. (PWER) has been climbing throughout early trade Friday. Shares are now up 0.20 at $3.34.

(RTTNews) - Shares of AsiaInfo Holdings Inc. (ASIA) have been rising since the open of trade Friday. The stock is now up 0.82 at $24.28.

By Mircea Dologa, MD, CTA*
Posted: June 13, 2008

The mysteries of trading the opening gap have eluded most traders. Only astute traders have had the courage to conceive of and execute these trades. One could wonder why. Well, the complexity of market flow achieves all of its importance well ahead of the "ringing bell" signal. Even if the mysterious air of the opening gap dissipates rapidly, as soon as he / she comprehends its foundation, the trader still has to work on everyday trading techniques.

Some traders will say that "the first hour is the novice's" and the last one "belongs to the professional trader"! Well…I completely disagree with this! Opening trades have a high level of complexity, and their comprehension takes time, at least several years of experience.

Posted on November 3rd, 2009 at 3:30 PM

We already know that the major indicies have been showing potential trend reversal tops (i.e. Elliott Wave 5) since mid July.  Even with this technical info the market keeps making new highs leading traders to wonder, "Is this a new trend, or do we still have a chance to change direction?"  In our mentoring sessions I have been telling traders that I am cautiously bullish on the Daily timeframes and will take advantage of any buying opportunities I see.  The reason I use the term "cautious" is due to both the Weekly Charts and the Daily charts showing potential turns lower.  I will remain in this cautious state until we take out a major low on the Daily chart (which we can talk about in another post).  But in the mean time let's look at our Weekly Charts and show while we are still cautious.

Reviewed by Ed Dobson, President, Traders Press, Inc.

Those knowledgeable about the history and background of the study of cyclical price behavior in the financial markets know full well the tremendous value of the pioneering research done in this area by the legendary J.M. Hurst in the 1970s. His seminal work, The Profit Magic of Stock Transaction Timing, is a classic in this area and is held in the highest esteem by cycles enthusiasts.