Higher interest rates can lead to an array of woes for the stock market. But one of the worst — a downturn in corporate profits — still isn’t among the big worries for most investors and Wall Street pros, even after the latest run-up in benchmark Treasury debt yields. WSJ

The stock market's correction gained steam Friday, as a fresh round of losses added to one of the worst weeks on Wall Street in years.

We recommend our JM Hurst ebook to every stock, commodities or forex trader regardless of their primary method of technical analysis. Why? Because it’s so easy, so objective, and so dead-nuts accurate at nailing swing tops and bottoms that after one week of trading you’d pay us almost anything to not give it back.

Kamich’s book, How Technical Analysis Works, is not for the expert technical analyst or a professional day trader. It is appropriately respectful of quantitative and fundemental analysis, limits its discussion to the most proven and reliable indicators, and offers some clever speculation about the underlying dynamics of market structure and market participants that explains why technical analysis may be useful. It also provides a little history of technical analysis back to Dow.

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The chart analysis was made from the Hurst Method, which is the easiest Legends Technique to understand and put to almost immediate use.