NorAm Capital Management

     

  • Are You Getting Ready for Next Year?

    The bull market for 2009 has been unusually strong and a trend which has been rather consistent. From a trading or investing point of view, it has been one of the easier price trends in which to participate. Now by no means do I imply that trading is easy. It is never easy. However, the bull trend which began in March has had only minor corrections during the price rise. Bull trends with constant reversals create many opportunities to make a mistake in investing. The bull market of 2009 was one of the most consistent price rises you will witness.

    The bearish trend in 2008 was also clearly identified, if you knew what you were looking at in your charts. My question is whether you feel comfortable in looking at a price trend in a stock or commodity chart and developing a trade plan from what you see? If the answer is no, then you need to make that part of your new year’s resolution for 2010. Learn as much as you can about how to read a price chart. If you do, you will be rewarded for many years to come.

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