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Following markets are close today due to:

Australia – Easter Monday

Hong Kong – Easter Monday / Ching Ming Festival

China & Taiwan – Tomb Sweeping Day

Thailand – Chakri Memorial Day

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“A Little Bit of Knowledge Is a Dangerous Thing.”

~Old Adage

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*   +DI line indicative of how strong the buyers are and the -DI line indicative of how strong sellers are.

*   ADX above 40 (some use other lower numbers) and raising ==> Strong Upward Trend.

*   ADX below 20 ==> Ranging Market.

*   +DI line above -DI line, buyer is in control.

*   -DI line above +DI line, seller is in control.

*   Do not use trend trading strategy when the ADX is below both the +DI and -DI lines.

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Trading Success = Winning Psychology x Effective Money Management x A Trading Plan with An Edge

How do these elements assist the trader? As traders, our psychological state,
or mental mind-set, can lead to consistent profitability; our money management
ability determines the size of our position and bet size; and our trading plan
delivers the edge, defining how and when the edge occurs.

~ Ray Barros
Book: The Nature of Trends:
Strategies and Concepts for Successful Investing and Trading

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Courtesy of BigCharts.com

One can use RSI to detect the uptrend of a stock. In the case of Cisco (CSCO), during the uptrend as depicted in the picture above, the RSI did not fall below 33.33 from end Jul 2006 to beginning Jan 2007.

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Courtesy of StockCharts.com

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Google’s Fourth Quarter Results out:

Google earned $1.97 billion ($6.13 per share) in 4th quarter 09.

For the full year, Google earned $6.5 billion ($20.41 per share). Revenue $23.65 billion.

In comparison, in 2008, Google earned $4.2 billion($13.31) per share. Revenue $21.8 billion.

* Note: The above Google chart is not static and will be updated from time to time when viewed.

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