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Since the commencement of Trading Tutors Weekly Review, I have spoken cautiously about what I believe to be a mild, bull recovery market.
Few would disagree that the US markets are a precursor for most world markets and Australia is no different.
If used correctly Market Depth can help you fine-tune your entry or exit. Simply it is a summary of buyers and sellers and it shows you the balance between the two.
I should elaborate on my view on what a rally is. A rally can be a short-lived recovery or it can be the final spurt at the end of a long-term trend up.
In Issue #4 28 April I spoke about the likelihood of retracement of the Australian stock market and since then the market has been in steady decline.