How to Read Chart Patterns for Greater Profits

144 pages, by Clif Droke

ISBN# 0979257204

Market technician Clif Droke explains the best methods used for spotting profitable, top-performing stocks. How to Read Chart Patterns for Greater Profits explains the how-to of predicting which stocks will rally or decline based on the formation of price patterns combined with the internal state of the market.

Using his experience as a chart reader and internal momentum expert, you will be lead on the path to successful chart reading. Actual chart examples of winning trades from the author’s newsletter are among the explanations provided in the book in showing you how to profit from chart patterns *before* the breakout occurs. Unlike classical chart pattern analysis (i.e. Edwards & Magee), the progressive techniques detailed in this book are based on anticipating stock moves before they occur. This is done by a careful reading of the market’s internals as well as the internal momentum of the stock sector in which the individual stock trades. Easy-to-understand examples of this method are explained in the book along with instructions on how to create your own internal momentum indicators with minimal effort.

The new style of chart reading for today’s fast-paced financial markets is both anticipatory and confirming in nature. A trader’s approach should combine a top-down with a bottom-up style of market analysis. That’s the philosophy that underlies this book and is explained in depth throughout and richly illustrated with actual market examples. As stated in the book, To successfully read and trade a particular chart pattern with consistent accuracy, one must not only learn to read the conditions of the broad market but of the stock in which the trader is moving in. Clif Droke will show you how it’s done.

Here are the contents for How to Read Chart Patterns for Greater Profits:

Chapter 1: Triangle Type Patterns

Chapter 2: Internal Momentum

Chapter 3: Volume Climaxes

Chapter 4: The Channel Buster

Chapter 5: Accumulation Breakout Patterns

Chapter 6: Internal Correction Patterns

Chapter 7: Sector Divergence Patterns

Chapter 8: Earnings Breakout Patterns

Appendix: Dictionary of Terms

In this book you will also.

• Determine the condition of the overall stock market as defined by the main trend of the major stock indices (especially the S&P 500) and the Two Second Rule.

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