Friday, September 03, 2010

20100903 2109 Those that underweight or short equities.... based on presumption of pie in the sky so called 'weak economic growth' for the US economy (2H 2010) are under pressure again. 1 min and 30 min NQ futures chart, 30 min JPY futures chart. The latter is collapsing as the shorts scramble to cover short jpy positions, it would seem the risk trade is back on!

We don't know whether to love or hate economists like Roubini, hate them for want of ludricous forecasting or love them for giving a contrarian heads up to trade positioning...


Non Farm Payrolls Jobs lose -54,000 less than expected, but 67,000 private sector jobs created

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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