Tuesday, April 14, 2009

Adam has a Crystal Ball!

Adam Hewison (creator of my trusty trade triangles,) and one of the huge reasons this account is doing so well, is pretty good at predicting the market. Check out this mini video of how he uses a basic 15 minute chart (of the S+P 500) to predict movement, sans any kind of triangle...Then we can look at the chart below. Watch this first.

Now, here is the chart of what actually happened. Notice the trendline I drew at the 829-30 (clicking on the chart gives you a clearer view):


Ironically enough, Adam used the same technique with in his US/Yen video the other day...and I agree with him, and that is why I am holding my position in it.

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