email is going to all Toolbox Members, and to the people who have
registered to receive occasional information about the Share Market.
Any non-member who no longer wants to receive this material can simply
unsubscribe using the unsubscribe link at the bottom - or just Update Your Profile to change your interests.
month's focus below is the third one in the current series covering
some of the principles of market charts, and is on the topic of: Support and Resistance. Last month's focus was:
Trends - trend-spotting, uptrends, exploiting trends and the prior month's focus was on Stop Loss (protecting your capital).
For the benefit of all new Toolbox Members this month,
useful information in the last 3 month's emails is available
to Members in the email archive (Toolbox password required).
this month's focus below we talk about the concept of Support and
Resistance levels that can often be observed on price charts. More
Over the next few months, the topics of focus will include:
- Nicholas Darvas - his winning strategy in detail (author of the best-selling "How I Made $2,000,000 In The Stock Market").
- Chart patterns - triangles, double tops, megaphones, double bottoms, flags, wedges, and more.
- Candlestick patterns.
- Money and Risk Management.
Please read on....
*** SPECIAL NEWS UPDATE ***Robert will be presenting to the April meeting of the Melbourne ATAA meeting at 5:30pm on Thursday April 14th on the topic of "Brainy's Share Market GEMs (Wall Street Words of Wisdom)". You can see an interim version of the presentation in the Toolbox Presentations section here.
This month's focus:
Support and Resistance!
Go straight to the new free Support and Resistance web page
in the Share Market Toolbox.
Or you can read here first...
For a number of reasons, there are often price levels on a share price chart that are considered to be levels of Support, or Resistance. Most of the time these levels can be explained based on the psychology of the investors and traders in the market on the day.
In the monthly price
chart of BHP shown at right (click on the image for a larger version) a
number of horizontal support levels and resistance levels have been
drawn in. For an explanation of these, refer to the free-access Support and Resistance web page. There is some really useful material there, as well as some references to some of the eBook (PDF) Articles that I have written over the last couple of years (mostly restricted to Toolbox Members, but non-Members can easily gain access).
Robert, I do hope you find this information very useful.
eBook (PDF) Articles - Summary
Over the last two years I have accumulated quite a collection of eBook (PDF) Articles
on three subject areas - Share Trading/Investing, Technical Analysis
and BullCharts software (actually 380 pages of material in 98
articles). These Articles are invaluable for both new and experienced
investors and traders.
am now writing brief monthly notes in this email to highlight specific
Articles on targeted topics. I am also writing new Articles and
updating existing ones as required. For more information about the
changes, see the December 2010 eNewsletter email in the eNews email Archive.
For more information see:
Introduction changed - January 2011
As of early January with the change in publishing approach for 2011, I significantly revised the Introduction Article and the Overview Article for each of the three subject areas.
- Share Trading / Investing:
if you have some sort of problem with accessing the Toolbox and any of
these Articles? Or maybe the Username and Password doesn't work. If
there is any problem at all, simply contact me by email or phone. The
best email address for this is: email@example.com
Occasionally emails disappear - the system thinks they are spam, or the
ISP might think they are spam. If I don't reply within a day or so,
please contact me by other email address or phone
There is nothing secret in this
email, so feel free to forward it to someone if you think they might
benefit from the information, or from being a Toolbox Member. The
easiest way to do this is to use the "Forward Email" link at the bottom.
am also confident that my Toolbox Members won't be sharing their
username and password with non-members. It is not fair that I spend all
this time preparing the materials, and then my Toolbox Members pay
money to have legitimate access, only to let some people pay nothing to
read and view the details.
feel free to email an individual Article to others as a sample; but if
they want online access to all the materials, it is pretty cheap, so
they should subscribe as a Toolbox Member. There is information about Toolbox Membership in the Quick Links section at right.
Happy to receive feedback, or suggestions for new content or improvements.
Until next month,
Happy investing or trading,
Robert B. Brain
(mobile: 0438 355 910)
ps: watch out for the sharks in the ocean!
I am always very happy to receive feedback about the Toolbox, and the articles and weapons therein.
Please feel free to contact me by email or phone.
How to contact - click here.