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My first job right out of college was with DuPont. A brand-new chemical engineer, I got my start working on the sprawling Savannah River Site.
I still to this day remember packing up my things and heading to the lush South Carolina landscape – bright-eyed and ready to begin my career.
It took me a few years, a lot of hard work – and after helping in the start up of a multimillion-dollar chemical plant and being called on to lead a much bigger start up of a uranium waste processing reactor – I was moved to "The First State" to work in the heart of DuPont – its headquarters.
I was brought on to lend that plant startup experience in the design and construction of a cutting-edge aerospace composites plant.
I look back at my entire time as a chemical engineer very fondly.
But it's the times that I worked with chemical plant startups that resonate the strongest with me – even to this day.
Looking back, one of the great things about running a chemical plant startup is that I got to see the plant from two distinct points of view…
The first was the 30,000-foot view…
I could see where this plant fit in with DuPont's corporate direction (adding new product lines), and I also could see a finished plant working well while making parts earmarked for F-15 fighter jets and the Space Shuttle.
But I also got to see a very detailed view of the plant…
I was intimately involved as each valve and every pump was installed and tested. I went from that granular perspective to seeing parts come together and then tested to witnessing the whole system working in tandem when the plant was completed.
That dual view meant I knew every inch of the startups I worked on – from the concrete foundation of the buildings to how each moving piece – each switch and lever – worked together to make the finished project.
As a trader, I carried that perspective to our 10-Minute Millionaire system.
In fact, our dual view is what makes our journey together so unique.
We combine the 30,000 view – our market narrative – with a very detailed knowledge of the moving pieces that make up our system to put us on the fast track to millionaire status.
And today, we're going to develop that dual view by digging deeper into the core of our 10-Minute Millionaire system – identifying extremes.
And we'll use one of our favorite go-to tools to do it…
Our "Swiss Army Knife" in Action
Finding profitable extremes in the market is the driving force behind our 10-Minute Millionaire system.
And, over the course of our journey together, we will look at all of the tools our system uses to whittle down the wide universe of stocks – over 45,000 that are traded on exchanges worldwide – to the handful that offer the best odds of handing us gains.
Starting today. Right now.
With my favorite tool to smoking out profitable extremes in the market – moving averages.
Now, most of you should recognize the term "moving average."
Back in May, I introduced you to this Swiss Army knife of indicators.
For 10-Minute Millionaires, moving averages are a great way to discover a stock's trend – where its price has been and where it is going.
In fact, moving averages are perhaps the most versatile and useful tools in our technical indicator toolbox.
Today, we'll be talking about a specific moving average that plays a key role in our 10-Minute Millionaire system – the 50-day moving average.
Now, if an MA is designed to tell us the "fair price" of a stock – key moving averages like the 50-day moving average become something of a "line in the sand."
Most investors refer to it as important support or resistance levels.
And that makes them very helpful in finding potentially profitable extremes.
To give you a better picture, let me show you an example of all of this in action…
About the Author
Nationally recognized technical trader. Background in engineering, system designs, and risk reduction. 26 years in the markets.