Tuesday, August 21, 2007


20070821 1702. KLCI cash index retraces to about halfway of yesterday's range. Participants took a peek at the overhead wall of resistance and the psychological impact took its toll, prompting them to take profits. Charts provide some insight into the market participants' collective psychology, which is why technical analysis is seen sometimes as the tool to riches. Far from it, technical analysis only provides a structure or framework to organise the chaos that occurs in markets. Meanwhile, the rollercoaster wild wild west of the FKLI futures continues, down 20 points in the morning to up 13 points and ends over 30 points down for the day....

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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