TICN Ireland’s Next MMCP Seminar will take place in the Glenroyal Hotel in Maynooth on the weekend of 8th, 9th & 10th of August. To book/confirm your place please contact us on 1800 367 693. Places are limited to a first come basis.

The ELITE Investor Program will be run over 2 weekends in August. Level 1 on 9th & 10th of August & Level 2 on 16th & 17th August. Please confirm your attendance early secure your place, bookings on a first come basis.

TICN SSIA Program ! (Shares Self Investor Account)

TICN have introduced a NEW program where we literally deposit dollars into your MyTrack account in return for MMCP referrals. To get full details on this exciting new program please email us on referrals@ticnireland.ie .

What we Do!
We teach people & business how to invest in shares successfully.

How do we do that?
We educate members through our seminars
and support them through our investment clubs using the latest communication technology.

We teach people & businesses how to:

1. Identify safe & solid companies with strong growth prospects.
2. Choose the right time to buy and more importantly the right time to sell.
3. Use proven Strategies to generate a monthly income.
4. Invest directly on-line with the markets, saving time & money efficiently.
   
   

With the current downward bias in the market we thought it might be appropriate to re visit some technical material relating to trend lines, as traders must be sure to let the trend be their friend.

Technical analysis is built on the assumption that prices trend. Trend lines are an important tool in technical analysis for both trend identification and confirmation. A trend line is a straight line that connects two or more price points and then extends into the future to act as a line of support or resistance. Many of the principles applicable to support and resistance levels can be applied to trend lines as well.

A down trend line has a negative slope and is formed by connecting two or more high points. The second high must be lower than the first for the line to have a negative slope. Down trend lines act as resistance and indicate that net-supply (supply less demand) is increasing even as the price declines. A declining price combined with increasing supply is very bearish and shows the strong resolve of the sellers. As long as prices remain below the down trend line, the downtrend is considered solid and intact. A break above the down trend line indicates that net-supply is decreasing and a change of trend could be imminent.

  An up trend line has a positive slope and is formed by connecting two of more low points. The second low must be higher than the first for the line to have a positive slope. Up trend lines act as support and indicate that net-demand (demand less supply) is increasing even as the price rises. A rising price combined with increasing demand is very bullish and shows a strong determination on the part of the buyers. As long as prices remain above the trend line, the uptrend is considered solid and intact. A break below the up trend line indicates that net-demand has weakened and a change in trend could be imminent.

It takes two or more points to draw a trend line. The more points used to draw the trend line, the more validity attached to the support or resistance level represented by the trend line. It can sometimes be difficult to find more than 2 points from which to construct a trend line. Even though trend lines are an important aspect of technical analysis, it is not always possible, to draw trend lines on every price chart. Sometimes the lows or highs just don't match up and it is best not to force the issue. The general rule in technical analysis is that it takes two points to draw a trend line and the third point confirms the validity.

As the steepness of a trend line increases, the validity of the support or resistance level decreases. A steep trend line results from a sharp advance (or decline) over a brief period of time. The angle of a trend line created from such sharp moves is unlikely to offer a meaningful support or resistance level. Even if the trend line is formed with three seemingly valid points, attempting to play a trend line break or use the support and resistance level that has been established will often prove difficult.

Sometimes there appears to be the possibility for drawing a trend line, but the exact points do not match up quite right. The highs or lows may be out of line, the angle may be too steep or the points may seem too close together. If one or two points could be ignored, then a fitted trend line could be formed. With the volatility present in the market, prices can over-react and produced spikes that may distort the highs and lows. One method for dealing with over-reactions is to draw internal trend lines. An internal trend line is one which ignores the price spikes and fits the majority of the price points ignoring the extremes. Even though an internal trend line ignores price spikes, the ignoring should be within reason.

Trend lines can offer great insight, but if not used properly can also result in false signals. Other items such as horizontal support and resistance levels or peak and trough analysis should be employed to validate trend line breaks. While trend lines have become a very popular aspect of technical analysis, they are merely one tool for establishing, analyzing and confirming the trend. Trend lines should not be the final arbiter, but serve as a warning that a change in trend may be imminent. By using trend line breaks for warnings, investors and traders can pay closer attention to other confirming signals for a potential change in trend. Some investors and traders like to return to what they have learnt on their mmcp and use the various moving average lines to also act as confirmation of the change in the trend.