Wednesday, October 29, 2008


20081029 1029 pm. Following from our call on the bottoming of the DJIA, It seems like this may well play out, judging from the calm on the markets today, and yesterday's rally of biblical proportions. We'll have to see reaction to the FOMC decision on interest rates today..... But I am really glad that the shorts and the deleveragers sold at the bottoms on the respective markets capitulation bottoms.(fingers crossed those are the bottoms) Remember, in the days ahead when you see the so called 'deleveraging' selling of equities, pull all the bids, stand aside and let them sell as low as possible.

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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