TECHNICAL ANALYSIS STARTER PAGE

To get a quick, free, long-term overview of the electric or gas futures markets using delayed quotes,  go to futuresource.com and select charts.  Fill in the blanks at the bottom of the chart. Choose monthly for a long-term view.  Choose stochastic or slow stochastic studies and read the reference section that explains their use.  Choose medium-size and medium density.  Click on other periods at the bottom of the chart to view shorter term outlooks for the contract you are viewing.

To build and preserve free charts for up to six different contracts using delayed quotes, go to futuresource.com and click on the fsXtra tab.  You must register.



To begin to develop an understanding of technical analysis go to Murphy Morris.com and order a copy of John J. Murphy's book, Technical Analysis of the Futures Markets.



To develop a thorough understanding of the use of stochastic indicators, download a reprint of Dr.George C. Lane's article for only $3.95, from Technical Analysis of Stocks and Commodities Magazine.  This article explains some of the fine points of using stochastic indicators which are glossed over or omitted in many textbooks and are unknown to many professional traders.   Pay particular attention to bullish and bearish divergence patterns, "set up" divergence patterns , and % K extremes.



To develop a practical understanding of Japanese Candlestick patterns, go to candlecharts.com and order Beyond Candlesticks by Steve Nison.

There are many other good technical analysis tools and references available.

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