Thursday, September 30, 2010


20100930 Sime Darby Bhd, daily chart breaks out of trendline and 200 sma resistance.... will it start trending. Note the triple bottom area where 99% of lay men and even professional fund managers we exiting the stock en masse based on the purported losses from the oil and gas division, which is only a part of the company. Their natural human tendencies were to 'sell at any price' due to their fear.

As Gordon Gecko says "Bears get fed, bulls get fed but pigs get slaughtered' on Wall Street.

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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