Market Club to be an additional resource
Im going to sign up to these guys - I use their morning email report and in my opinion its very good usually -
MARKETCLUB - THE SIMPLE SOLUTION
MarketClub uses their famous, proprietary, algorithmic Trade Triangles to identify long, medium and short term trends for every single symbol. Just imagine being able to view any chart and with the click of your mouse, highlight the exact day and price that these important monthly, weekly and daily trends started and finished. What's more, being able to instantly identify how strong, or weak the trend actually is. Could you really imagine what affect it could have on your portfolio if all the stocks within it were trading with the trend, as opposed to against it?
When we introduced Australian shares into MarketClub, we were able to back track to see how the trade triangles performed on historical data. Take a look at the above ASX chart for Iluka Resources (ILU) where a long term (monthly) upward trend was triggered in August 2009 at $3.77. This long term trend was still in place at July 15 2011 when the share was trading at $17.89. Had you been trading this stock using MarketClub's dual time frame strategy, you could have been trading with the major trend throughout this large upward price movement.
Or the ASX chart below for Mesoblast Limited (MSB), where a long term (monthly) upward trend was triggered in July 2009 at 85 cents. This long term trend was still in place at July 15th 2011 when the share was trading at $8.91. Had you been trading this stock using MarketClub's dual time frame strategy, you could have been trading with the major trend throughout this huge upward movement.
MarketClub:
World-Wide HQ, Discovery Village, Shady Side, MD, 20764, USA.
Australian Office
MarketClub Australia Pty Ltd. Phone 1300 652 162