On Tuesday 7th May producer and presenter Jeremy Naylor of IG TV writes this of the episode: ‘Eddie Tofpik of ADM ISI uses his charts SPX, EURUSD, GBPUSD & Nymex. We discuss the Andrews Pitchfork (as well as the modified Jerome Schiff version!) Harami candles, and key reversals up. Lots of education.’ He continues: ‘Eddie even manages to get in the phrase ‘F-word’ [fundamental analysis] after I mention the B-word (Brexit). He makes the programme come alive; can be very dry otherwise.’
As I have mentioned elsewhere, these IG TV people are pretty hot on technical analysis. I too would urge you to watch closely, as this episode is littered with clever and unusual insights (like his choice of simple moving average periods). Less obvious concepts, like Fibonacci projections on the S&P 500 index, are casually bandied around, couched in witty throw-away lines such as ‘’the angle of attack of the market’’.
Look carefully at his daily bar charts – something of a challenge for those brought up on today’s ubiquitous candles – where the concept of a key reversal up and a bearish Harami are explained clearly for a novice layman. Another new one for me is the ‘echo concept’ – not an echo chamber, but a shadow of its former self.
Living and learning with these two, thank you.
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