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Archive for February, 2008

Market Wrap: 22 February 2008

Inflation was the watchword for the week, with record high commodity prices continuing to boost consumer and business prices across the globe, but mainly highest within the energy and food sectors.
Inflationary pressures continue to drive the Australian economy, with wages, motor vehicle sales, construction activity, and investment spending all either expected to rise or already […]

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Double tops

One of the simplest yet most often improperly utilized chart patterns is the double top, a common indicator of trend reversal. An analysis of the pattern will show why all too often, traders enter the market too early.
There are seven steps within the double top pattern:
1.    A trend of significant length and strength.
2.    The first […]

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