As you may already know, last March we also got a nice rally. Below is the chart of last March's up wave.
The two lines are drawn last June. The yellow line is the warning line. That means when it is broken, bulls should be alert. The black line is the Bull's life line. It means bulls should change to bears when it is broken.
And this March, we got another rally again, but much better rally. Isn't it ? The chart is posted below.
Now it is the time to look back at the black line, the life line of bulls, since it is already 1 year now. It is amazingly remarkable ? Isn't it ? At the black line, if you shorted the market then, you have won all the time down to this March, and even now.
So Technical analysis is amazing ! It really helps us to trade well !
By the way, do you think the time for this year's rally starts again in March is predictable ?
I think it should be predictable, at least last March's rally gives us some clues and alerts !
I have read many trading books and technical analysis books to date. And I feel really benefited from them, especially reviewing them very often after some real tradings can refresh and enhance my understanding of the chart and market behaviors.
History will repeat again, and again, even though every time there are some differences. The major parts are very similar.
If you are interested in learning more on the trading and investment. Here is a list of books, in my own opinion, worthy reading !
I will keep the reading list updated once I find more good books.
