From the Desk of S&P Trader, Larry Levin:
Secret Trading Tip #4 How to determine when the market is really trending
Would you like to learn a simple technique to determine whether or not the market is really trending? How many times have you been fooled by your Stochastics or RSI indicators? How many times have you sold because your oscillators were screaming overbought then watched the market dip a little and then continue higher, stopping you out for another loss?
the Other 'In the Know' Professionals
You see if a market is really trending there will always be reactions against the prevailing trend. Those are the signals Floor traders love. They know the public will fall for the "fade" nearly every time.
The real key is knowing when a market is trending. The basics are very simple. Higher highs and higher lows is the key to a market in an uptrend. And the opposite is true. Lower highs and lower lows tells you when the market is in a downtrend. You never want to go against these situations.
IMPORTANT TRADING RULES:
1) We never get long or buy in a downtrending market
2) We never sell or go short in an uptrending market.
It's just like stepping in front of a freight train.
Now You Can Confidently Buy Support and Sell Resistance; All in the Direction of the Prevailing Trend. It Doesn't Get Any Better Than That!
My customized mentorship packages provide you with all of the state of the art techniques used to determine the "real" trend. It also provides you with the exact methods used to buy those dips, or sell the pops in a down trending market. And, best of all this powerful method can be traded in two ways. Using another method outlined in the program, you can follow the trend for a "home-run", or combine this method with another secret, which gives precise support and resistance levels. Now you can confidently buy support and sell resistance, all in the direction of the prevailing trend. It doesn't get any better than that!
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