Market Watch Weekly – How Long Does A Sideways Market Last? and ASX Top 200 “Darvas Box”

By Dave McLachlan

Click below for the latest Market Watch Video (if you can’t see the video, click the link above) - See Terms Here

UPDATE:

A little bit of jargon as the title suggests, but this week is extremely exciting!  We look at the sideways action over 110 years of history on the Dow Jones, and how long they have lasted for.  Very cool stuff. 

Also – the massive support of the markets at 10,000 for the Dow and 5,000 for the FTSE continue, and where did the Dow find support on Friday?  That’s right – the long term trend line!  Brilliant stuff guys, brilliant stuff.  It’s all in the Video below – sit back, relax, watch it with your favortive cup of coffee, tea or something harder and enjoy!

Of course please do your own due diligence - a great place to start is the free trading and investment course on this site.  Check out my personal Trading Diary if you want to see me practice what I preach. 

Happy trending,

Dave McLachlan

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August 29, 2010  Tags: , , , , , , , , , , , ,   Posted in: Market Watch Weekly

2 Responses

  1. keith - August 30, 2010

    thanks Dave for your trading course and the weekly updates they are really helpful to me . Your hard work is really appreciated by all I am sure . Dave I would like to ask a question if I may , its in relation to predicting the markets using gann and astrology , I think previously you said that no matter what method you use , its about a 50% right , is this the case . Thanking you again and lookk forward to any response, keith.

  2. Dave McLachlan - August 30, 2010

    Hi Keith – really good to have you here!

    Yes, it has been shown that Astrology and Gann are still no better than a coin toss, or 50%. I have personally followed two very well known traders who use these methods, and I must say they weren’t very accurate (and that is being kind).

    But people LOVE predictions, and I’m no exception :) So people will keep on looking for them and making them!

    As far as other methods go, many trend following methods have only a 40% chance of winning, but are still profitable (see Michael Covel’s “Trend Following”). If you can get a method with above 50% wins and above 2 to 1 profit / loss – you can make it in the markets.

    Hope this helps – Dave

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