Trade systems locate stocks that have developed strong momentum to move in a specific direction. Technical patterns reveal this momentum. Superior technical patterns identify stocks that are poised to make a huge move. These stocks want to make a big move up or a big move down. Trade systems based on these extremely powerful patterns let you profit from these unique situations.
The Power Spike Stock Trading System is one such system. It identifies stocks that offer a unique and incredible profit potential.
There is a "cause" and "effect" relationship between price movement and volume. Volume is the "cause" behind the "effect" of price action. Volume should validate price movement. There are times when a stock, or even the broad market, experiences a strong surge in volume. Compared to recent volume action, these events are easy to spot on a chart. These are Power Spikes!
The Power Spike is a superior technical indicator because it is highly reliable. It is one of the very few technical tools that do not require confirmation by other indicators. It is strong enough to actually stand on its own. The Power Spike indicates that the stock is about to make a strong move.
In the Power Spike Stock Trading System you will learn:
- The definition and specific criteria of a Power Spike.
- The technical significance of Power Spikes.
- An in-depth discussion of support and resistance levels and how they relate to Power Spikes.
- Specific ways to locate Power Spikes.
- Three reliable techniques for determining the most probable direction of the move.
- Specific instructions on how to trade Power Spikes, including: trade entry, trade management, and trade exits.
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