About the Founder
For the past 15 years Dale Glaspie has conducted an in depth study of one of the most widely used and oldest technical patterns. His research has enabled him to develop several strategies that can be used in any type of market. He has found that one of the reason traders fail is they try to force a technical pattern to perform in a market it was not intended to be used. Most technical patterns work well in a good bull market but when used in a bear market the failure rate is extremely high. The pattern he has studied is such a pattern and is used by more traders than any other. During the bear market of 2000 – 2002 he developed a reversal pattern that works in a bear market the same as the original pattern did in a bull market.
By studying the relationship between these two patterns he was able to take these concepts to the next level. When the markets begin to turn both of these indicators will fail and react in a very predictable way. This lead him not to just look at the market as being in a bull or bear market phase but he found there was a transition phase after each of these where predictable patterns lead to some of the most successful trades. He uses what he calls the Four Phases of the Market, the Bull Market Phase, which is followed by the Down Transition Phase, followed by the Bear Market Phase, followed by the Up Transition Phase, this then will be followed by the Bull Market Phase completing the Market Cycle.
He has developed strategies that successfully work in each market phase. Since trading began we have been looking for a way to get in at the lowest possible price. One of the strategies identifies the bottom of a bear market and will get you in as the market enters the Up Transition Phase. This is a low risk highly successful trade.
In addition to the strategies he provides two very important services to his clients. Each day he scans the NYSE, NASDAQ, and AMEX for stocks that have set up in these patterns, as well as for stocks that broke out or broke down on the day of the scan. These are sent to clients in a daily report after market close. The symbols are then placed in a computerized alert system that will generate real time email alerts as the price approaches the buy point during market hours.
The information he provides can be used in any market where a High, Open, Low, and Close is charted. These patterns form very powerful Support/Resistance Lines that enable Day Traders to trade highly liquid stocks and Exchange Traded Funds (ETF) such as the QQQQ.