Newsletter-12-23-08
Tradingourway
Volume 2, Issue 18 Dec 23, 2008		 Tradingourway Logo
Merry Christmas, Happy Hanukkah
May the New Year bring you much happiness!  
    We want to wish everyone a very Happy Hanukkah, a very Merry Christmas and a Happy New Year. May we all learn to live in peace. 

    As this year comes to a close we still see a very weak market. Looking at the 3 major indices, DOW 30, NASDAQ, & SP500, we see each one is failing to get above the 50 Simple MA. Generally, speaking stocks or indices that are below the 50 SMA are considered to be in a downtrend.    
    The price patterns of each index looks just like the other 2 with each in a trading range for December that is less than half of the November trading range. Hopefully ,this means we have gotten through the high volatility of the last few months. The November and December 2008 volatility is 2 to 3 times the November and December 2007 volatility.

    We are indeed in a major downtrend on all 3 indices. We should expect to take out the Nov 21,2008 low over the next few months. With the rest of the year's trading expected to be light, we aren't likely to see much movement until second week of January when earnings for most major companies are reported. I suspect they will be disappointing. This should drive the markets lower. That is the time we need to begin looking for spring bounce Mid-Feb to Mid-Mar. I believe we will see the bottom earlier than in previous years. Why, because everyone wants to see the markets reverse. Plus, everyone is trying to get in front of the curve. This will cause traders to just in earlier. 

    Now is the time to get up to speed on what to look for and to educate ourselves on how to trade and trade wisely. There are still seats left in the January seminar. So come join us.
 "The Complete Trading Process" 
2 Day Seminar  - January 17th & 18th, 2009
Check out the Seminar Topics
  View the Seminar CD  Information & Videos 
  Meet the Instructor
 
Seminar - Now only $300  "Buy Now"
Please note: (Seminar fee will be $599 at the door  
Our Guarantee: If, at the end of day 1, you don't think the seminar is all you expected, we will refund your fee. 

Ramp Pattern Recognition Seminar 

This presentation will be given by Andy Skinner, the creator of the Ramp Pattern Recognition Program at www.nebadawn.com will present a FREE Seminar in Tampa at the Jan Platt library on Jan 5th, 2009 from 6:00 pm to 8:30 pm. . There will be 2 sessions: 

In the first session, Andy will demonstrate how to use the Ramp program to:

1.  Scan for divergences 

2.  Find many common chart patterns

3.  Find support and resistance lines,

4.  Find Fibonacci Retracements

5.  Find patterns such as W bottoms, Head and Shoulders and Cup with Handles.

 
In the second session, Andy will discuss some of the extensive work he has been doing over the last few years which focus on buying stocks on support lines. Andy has spent many years studying the reaction of stock prices as they test support lines. He will present these results with detailed graphs that will show the technical indicators and their values that work best when trading support line.

Andy still has the fire sale for the RAMP program.

Where else can you get a  Real-time pattern recognition software for a life-time  fee of $99.




Summary:

As always I want to hear your thoughts on these and any subjects. Please, feel free to send an email with your suggestions, complaints, and comments to    kermitp@tradingourway.com  
 
Thank You, for taking the time to read our newsletter and good trading to all,
 
           Kermit Prather