Published in September 29th, 2008
I received a few e-mails asking if I could explain in layman’s language:
what this crisis is all about and
my stance.
I can certainly explain my stance; the first part of the question may be a little more difficult. Sure, I have my views, but like the Elliott Wave, if we put a number of practitioners in […]
continue reading.....
Published in September 26th, 2008
First off my apologies for failing to make the pre-open comment on the ES as promised in my blog yesterday. Something came up that prevented it.
Here are my thoughts for today.
I was watching CNBC the other day and someone was congratulating the FED for acting more effectively and promptly than the Japanese Central Bank did when […]
continue reading.....
Published in September 25th, 2008
The ES is now at the crossroads. You will recall that in the ES 09-22-2008 video, I articulated the view that I was looking for a 13-week line change (i.e. a correction of a quarterly trend magnitude). I also said that because I considered the low of October 18 to be a ’spike’ low, […]
continue reading.....
Published in September 24th, 2008
I ‘love’ governments. They cause the problem, then wring their hands because ‘you caused it’ and then come up with a cure that is worse than the disease.
Let’s look at the current US financial quagmire.
First Greenspan expanded the M3 to the extent that it not only assisted in the creation of a stock market bubble but […]
continue reading.....
Published in September 23rd, 2008
A Pot Pourri tonight.
First off despite the now US$1.6 trillion bailout, lending policies, at least at one US Bank, have not changed. Here’s why I say this.
A friend of mine living in Las Vegas tells me he bought a US$250k home with a US$100k deposit and borrowed the rest. The lending bank did not ask […]
continue reading.....
Published in September 22nd, 2008
Given the dramatic events of the previous week, I videoed my comments for the ES today. The Aussie and Singapore Stock Markets, I’ll do tomorrow.
Here’s the link:
http://www.tradingsuccess.com/download/220908/220908.html
I received quite a few ‘thank you’ e-mails.
Guys and Gals, I do not want to appear churlish - I appreciate your thanks and I rejoice in the fact you […]
continue reading.....
Published in September 19th, 2008
I have received quite a few e-mails asking how to handle the current volatility; some e-mails also asked how I assessed the increase from 30% to 45% in the ‘ES 09-15-2008 III‘ piece.
Let’s take the first question. I have a rule which says that when we see ATR increases for 2 consecutive days (sometimes 3 […]
continue reading.....
Published in September 18th, 2008
At the recent Habits of Success seminar, one belief I had to counter was the belief that ‘if only I had the right system, I’d make tons of money’.
There are at least two limiting beliefs operating in that idea. The first is that there exists somewhere out in the trading world, the knowledge to create […]
continue reading.....
Published in September 18th, 2008
For some time now there have been requests for a course that straddles the 2-day Habits of Success seminar I run in Singapore and the Mentor Program that I deliver over the net.
Well folks, I have finally completed its design. For details, please go to:
http://www.tradingsuccess.com/6-week-course.php
The delivery platform has been the main problem. I solved that […]
continue reading.....
Published in September 17th, 2008
Well I got the knee-jerk reaction I was looking for and the retest of the breakout at 1200 to 1215 zone basis cash…BUT the prices that launched the bounce were at price and time levels. This raises the probability of a short-term bottom from 30% to 45%.
Note that for the charts below all figures are […]
continue reading.....
