Trading Tutors provides a treasure trove of information for the practicing trader and anyone considering trading the markets.
It offers a range of trading strategies, tips, comprehensive technical analysis, trading psychology, educational elements,
market forecasts and skills development features, all designed to help you profit from trading the markets.
Trading Tutors is designed to equip traders of all levels of sophistication with tools that will assist their development and
improve their techniques without having to pay tens of thousands of dollars just to get in the door.
We wish you every success with your trading and hope you find Trading Tutors a useful resource.
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.
BHP is very much a favourite of mine – I had 10 wonderful years with the company, mainly in international trading.
This last week has been another one of retreat – a very orderly retracement however – what better would you want? The overall daily trend is still up but I must say some momentum has been lost and I would marginally modify my view about how far this rally might take us – at least in the medium term.
$5.50 is the institutional price offer and so those institutions that take up the script in the current fund raising will be keen to support that price.