"Are We Smokin' Dope or Is This the Real Thing?"

20D, Hourly - Mar. 26th. - Bull Potato Day 11 - "Incredible" - A couple of months ago most Potatoes, Bull or Bear only lasted a few days.  Now we go for a much longer period, but sometimes with more volatility that can leave you with uncertainty as to direction.  The bias here is to the upside.  
5D, 15m. - Mar. 26th. - Lesson for the Day.  First determine the Channel establishing the Highs and Lows.  There is an art to this.  Determine the Trend and look for Reversal Points.  Reversal Points can be Double Tops or Double Bottoms or Failed New Highs or Failed New Lows.  In fact, a Double Top or Double Bottom is a Failed new High or Low.  The market either goes up or it goes down.  Assess the Internals such as A/D lines & Up Volume vs Down Volume."  Be on the right side of the trade.  These are the fundamentals of trading, but there is always so much more to learn to be consistently successful.

This Blog is devoted to helping our friends and contributors become successful traders.  We do not offer specific advice on investments or trades.  The Blog is an effort simply to distribute information that may prove useful to those interested in trading the markets.  It is solely directed to those interested in technical analysis as opposed to fundamental analysis.  We have no apology for that.

Should there be questions or comments, they are welcome.

Potato Trader