Saturday, November 28, 2009


20091128 So the market is crashing. Well if you shorted the Emini S&P500 futures during the US morning session....well, the 5 min chart tells a thousand words.

News headlines: (from Bloomberg.com)

U.S. Stocks, Commodities Slide as Bonds, Dollar Gain on Dubai Debt Crisis
Dubai Woes May Escalate to `Major Sovereign Default,' Bank of America Says
Mobius Sees a `Correction' From Dubai Crisis as Das Predicts Risk Aversion
Dubai Debt May Exceed $80 Billion on Off-Balance-Sheet Liability, UBS Says
Black Friday Shoppers Crowd Best Buy, Target in Pursuit of `Elusive Game'
VIX Jumps the Most Since October as Dubai Seeks Debt Payment Postponement
AvtoVAZ to Get $1.7 Billion From Russia in Technology Accord With Renault Greenhouse-Gas Pledges by China, U.S. May Drive Climate Deal in Copenhagen
Germany's Top Nazi-Hunter Finds `Best Break' in Years in Brazilian Archive

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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