No Video Today
I am switching to a new computer and am having some trouble moving some files, check back tomorrow. Enjoy your long weekend!
Friday, May 23, 2008
Done For the Day
Back after the close with a video. If you are bored check out the SAMPLE PAGES of my book.
To clear up any confusion, books will be shipped on JUNE 7 and they are only available at www.technicalanlsysisbook.com You will not find the book on Amazon, in Barnes and Noble or anywhere else.
The logic of the sells in this trade are clearly outlined in the book.
Thursday, May 22, 2008
Oil Rally
Picking tops is a fools game. Short sellers have been crushed during this oil rally and the trend remains higher. The chart below suggests a POTENTIAL level where this market may find some selling, just below 135. Longs should have tight stops.
Morning Reading
There are a lot of sources for important news of the day, I like the free email written by ELI HOFFMAN from Seeking Alpha. I think I like that one best because they send it to your email about 45 minutes before the market opens. You can sign up to have it sent to you at the bottom of the column.
I also like to scan the headlines at NEWSFLASHR
Wednesday, May 21, 2008
BMY and PFE
are involved in AIDS research and today, Julie took to the streets on WALLSTRIP to chat with people about the disease.
Fari Hamzei is holding FREE SEMINAR this afternoon to discuss his options trading program which is up 97% in just 10 weeks.
Tuesday, May 20, 2008
Sellers
are in control of the short term trend. The Qs are at a potential support level but buying doesn't make sense until there are better signs of stabilization. The breakdown in the financials will likely keep pressure on the markets.
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