I’ve been trading the market for over four decades.
I started when I was just 19 years old. Soon, I was managing money for some of California’s wealthiest residents. By the time I was 42, I was able to retire.
So, what do I credit for my success?
Well, it boils down to a bit of talent, a bit of luck, and a bit of knowledge. That knowledge includes an in-depth understanding of technical analysis (TA).
Technical analysis is simply a way of using patterns formed by market data (by studying price and volume) to identify trends and project future price movements.
But, it’s much more of an art than a science. If you try to force it to conform to strict rules and formulas, it’ll be wrong almost all the time.
Instead, try thinking of TA the way I do – a chart of a stock (or index) and its technical indicators is an emotional picture of the stock at a specific moment in time. If I can go back in that picture and find a time where the conditions were similar, and note how the chart behaved afterwards, it can provide strong clues as to what to expect in the future.
But TA is emotional… It evolves. So, conditions that used to provide a catalyst for a big move or reversal may need to get more extreme to cause a similar movement the next time.
Think about it this way…
When I first got married, I’d often come home from work, take off my socks, and drop them on the floor next to the couch in the living room. My wife would come home, see my socks on the floor, and get all ticked off about it. This happened over and over again.
Eventually, though, my wife got a little better about dealing with her slob of a husband, and I got a little better about not leaving my socks next to the couch. Leaving my socks on the floor no longer elicited the same reaction from my wife.
She still had the same emotions. But she had adapted. She had evolved. She would need a bigger catalyst before getting upset with me – like when she found a dozen pairs of dirty socks tucked underneath the sofa.
Here’s my point…
A lot of my trading strategy revolves around finding emotionally overbought and oversold conditions that are ready to reverse. TA helps me identify conditions where investors’ emotions have gotten extreme, and where I can see how stocks have reacted to similar conditions in the past.
That’s how I’ve spotted a rare 12-day window that’s quickly approaching.
These 12 days could open the biggest money-making opportunity in 14 years.
And this window rips open during bear markets. Allowing those who know about it to unlock gains of 492%, 5,590%, even as much as 11,780%… if you’re willing to take one simple action in your brokerage account.
All you need is one strategy to see those types of large gains.
That’s why for the first time ever, I’m going to go over this market phenomenon and the details of my strategy in my special presentation on October 12 at 8 p.m. ET in Las Vegas.
It’ll be a way to see “option-like” gains without touching options.
This may seem like blasphemy to some people. Simply because I have a reputation as one of the top trading experts in the country.
But click right here to reserve a spot and decide for yourself.
Best regards and good trading,
Editor, Market Minute