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Monthly Archives: October 2012

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Dow Index sharp losses; recalls Ghost of Black Monday 1987

Yesterday was the anniversary of the Black Monday stock market crash in 1987. Looking at the technical picture of stock markets around the globe, I cannot help but notice that alike 1987, global stocks may be in line for a correction. Lets recall some of

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How to determine strong support resistance in forex trading?

Tips for identifying strong support resistance; go back to basics Tip 1: A strong support resistance level is most often found in daily or weekly chart. Rule of thumb, the higher the time frame the stronger that support resistance   Tip 2: The more times

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