Interpreting Balance of Power – Peter Worden
Peter Worden, co-founder of Worden Brothers, teaches live at an award-winning TC2000 training class in Tampa FL. He delves into the interpretation techniques for Worden proprietary technical indicators Time Segmented Volume, MoneyStream and Balance of Power created by his father, Don Worden. Peter demonstrates how to use these indicators to establish the primary bias of a stock by ferreting out what the ‘smart money’ is currently doing. By walking through the indicator development in chart setups of actual stocks Peter helps you learn the basic principles for practical application of these exclusive TC2000.com indicators on the stocks you follow and trade.
WHAT YOU’LL LEARN:
What each of the proprietary indicators are telling you about price movement
How large block trading impacts the flow of stocks
The role of divergence in understanding these indicators
What constitutes bullish or bearish behavior
How important are moving averages in relation to these indicators
Examining the quality of buying or selling in price moves
