Thursday, August 11, 2011

20110811 Well, JP Morgan calling for super spike that could 'go parabolic' to US2500 an ounce for Gold. What did the market do? Went through 1800 to 1815 and promptly drops to 1755.....

Years back Goldman Sachs called for such a 'super spike' in crude oi prices to US210 per barrel, the highest it got was US160.... it has been many years and we are yet to see that target.

Experts, they DON'T know better, they just provide the trader with their 'predictions', which is a great tool for traders. "Those who talk don't know, those who know, wo't talk"

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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