Phil's Talking Trader® 2
(PTT2) 

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The PTT2 measures the institutional money flow in and out of the stock. It has a daily and weekly stochastic indicator that helps you execute the trade at the right moment.

The important advantage is that these charts offer clear recommendations as to whether to STAY LONG, or SHORT, or AVOID. Whether to initiate a position, LONG or SHORT, whether to ADD to a position. It does all this by talking to you!

The chart offers COLOR CODES embedded in the analysis to determine if the trend is in a Continuation Pattern or signalling a Change in trend. Our experience of over a decade with investors and traders reveal that trend analysis is the foundation of success in thier strategies and PTT2 is by far the most effective tool one could have in this effort.

An UPTREND is color coded as GREEN and a DOWNTREND is color coded as RED. A change in color from an UPTRENDING stock in green to color red may indicate that the institutional buyers are getting out of the stock. Conversely, a DOWNTREND in red that begins showing in green may indicate the institutional buyers are getting into this stock.

Additionally we have added two momentum indicators, the daily and weekly stochastic, to help you judge an OVERBOUGHT or OVERSOLD condition. If the indicator reads below 30, the stock is considered approaching OVERSOLD and a reading above 70 would consider it approaching the OVERBOUGHT range. The best signals with this indicator are when the indicator moves from OVERBOUGHT back below 70 (considered a SELL signal), or when the indicator moves above 30 (considered a BUY signal) from an oversold condition.

As with the PTT1, you also have available the ability to review stock prices and icons to change the time frame that you are looking at.