Thursday, November 26, 2009


20091126 1715 Well, the 5 min chart of FKLI Dec 09 finally broke in the last 1/2 hour of trade... some news on cds, Dubai default?? Some more stuff on Dubai World saga.

It is uncanny sometimes you get a feeling... divergence on the charts, then an event or catalyst brings it on. I was going to quote Benjamin Graham earlier, but might as well do it here. "At any point in tome, a stock can rise 50% from its low as well as fall 33% from the top" Worth keeping in mind.

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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