About This Video
Im sure as a trader youve heard the expression, the trend is your friend. That was never more true than today as crude oil (NYMEX_CL) crashed to new lows and the stock market resumed its downward trend.
Today we are focusing on crude oil and the reason why it fell to new lows. Were also going to be looking at all of the Trade Triangle signals that we have received on crude oil since last July. The video is about nine minutes long and I highly recommend watch it, simply because it shows you just how powerful trends can be.
The video also shows you why price action is more important than fundamentals. If you have a few minutes, please take the time to watch the video and learn how the markets really work.
Since Barack Obama was name President elect, we can see how the markets have reacted at least in the short-term. Certainly this is not a reflection of Obamas potential as a president, but it is more of a reality check for problems that are lingering. Not even the record cut in interest rates by the UK could help the markets today.
Enjoy the video and please let us know if youve found it to be helpful and useful in your own trading plan. You can reach us online or you can call us directly at 1-800-538-7424 and someone from a support staff will be able to answer any questions you might have.
Every success in life and in trading,
Adams Hewison
President, INO.com
Co-creator, MarketClub
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