Monday, August 29, 2005

20050829 Lunch session break. FKLI gapped down this morning and sold off into lunch close. The crude oil price hit above US70 per barrel, sending shockwaves into stock indices across Asia, so there was not hte expected strength in FKLI. But the sell signal (red arrow) on last Thursday close is still in play, with CCI momentum still pointing down after a pause. One thing is clear, the spike up in the FKLI after the cash closed was a short squeeze and non sustainable, it is now clear.Posted by Picasa

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"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil

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From Dragons and Bulls by Stanley Kroll
Introduction and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
Buy the Strength Sell the Weakness
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system