Stocks & Commodities V. 24:3 (92): Websites For Traders: TraderMike.net by Jayanthi Gopalakrishnan
At a time when reading weblogs is fast becoming a ritual, itís no surprise that the number of technical analysis blogs is on the rise. One that I read regularly
is www.TraderMike.net. Once you visit the site youíll understand why. Itís interactive, as are most blogs, with
clearly explained charts, which make it very easy to understand the reasoning behind the bloggerís opinions.
Generally, on the home page you will see a watchlist with a chart of the NASDAQ with various indicators, support/resistance levels, patterns, what have you. For example, on the blog entry for November 14, 2005, the daily chart of the NASDAQ (Figure 1) had Bollinger Bands, various moving averages, labeled support and resistance levels, volume, stochastics, and on-balance
volume (OBV) either overlaid or displayed on subcharts.