The monthly chart sets the trend for the weekly chart. These trends can
often last for six months or a year, or even more. Knowledge of this trend
can give you an edge. For example, how many times was a rise above a previous
month's high followed by a swing low? Or even a lower month?
You are not going to trade a monthly chart, and with knowledge of the
big picture, you want to anticipate the swing moves in the weekly chart.
Use the oscillator to identify the cycle tops and bottoms of the weekly
chart shows a clear progression of higher cycle lows in the uptrend, and
lower cycle tops in the downtrend.
every trading cycle bottom is a swing bottom, but every swing bottom is
not a trading cycle bottom. Every trading cycle top is a swing top, but
every swing top is not a trading cycle top.
At the end
of the audio, click "Next" to begin the seminar with the S&P Index monthly
chart; or to choose your next market, click on the "Index" link .