(PRWEB) April 18, 2005
Having to turn away from a hopeful career in professional baseball after a diving accident paralyzed him, Mike Reed turned his interests to the Stock Market. After ghost writing a Stock Market advisory newsletter for the past eight years, two weeks ago Reed moved his talents to his own website, and came out of the shadows.
Of Reed, long time subscriber Elliott Nadel says, "Sometimes I think the market is listening to your market letter because the support and resistance zones work like magnets, and the Futures just hold at those levels..."
Reed began studying the Stock Market 23 years ago, shortly after his accident. He learned to read a ticker tape, and using a pencil between his teeth, he began charting on paper at 15 minute intervals. Thus began his obsession with the Market. He developed a batch of his own indicators and patterns that give low risk / high profit potential opportunities, and in 1996 he developed the "Reed Buying Index" (RBI), a proprietary indicator based on the Market's internals. He discovered he had a real "feel" for the Market, his percentage of accuracy was uncanny.
Of Reed's service, Trader Morrill Moorehead comments, "I've been following the RBI for three years now and I'm still astonished by the way the Market respects your support and resistance zones. It's remarkable to see it happen with such regularity. I've learned to take his words very seriously. It's no wonder you have locals and hedge fund managers among your devoted subscribers."
With the advent of the internet, and the thirst for knowledge displayed by fellow traders, Reed made the decision to put his Market observations into print. Through perseverance, drive, and good old fashion hard work, in 1996 Reed started writing a daily short term trader update. Preferring to stay behind the scenes, Reed likened himself to "the invisible man", but on April 1, 2005 he stepped out into the spotlight by launching his own website, TradeStalker.com .
About his services Reed says, "I write an email newsletter each day, which includes my forecast for the next trading day. I'm as specific as possible including Support and Resistance levels that I will be buying and selling against, which in turn provides the subscriber with great trade set-ups nearly every day. Members receive their updates each evening so that they have time to plan their trading strategy for the following day."
If you are interested in learning powerful trading strategies from a 23 year veteran trader, you can sign up for an unlimited trial at no cost to you. Check out the accuracy of his trading zones. http://www.TradeStalker.com
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