Monday, August 23, 2010

Thursday, August 12, 2010

SHLD

$BKX

The Board Game!



Remember this blast from the past? Welcome to the stock market,as we know it now.Controlled by a few,sure you might pass go,collect your $200's,but land on board walk or park place,and prepare to empty your pockets!

Tuesday, August 10, 2010

Magic Eight Ball: predicting price movement

Great excerpt from The Disciplined Trader,goes as follows:

"If you want to learn to predict price movement,you don't need to pay attention to reasons. What you need to do is determine how the majority of traders perceive the external conditions in relationship to either their fear of scarcity,or their fear of missing out,or both."

By Mark Douglas

Monday, August 9, 2010

Monday, August 2, 2010

Recognize Failed Patterns

Every pattern has the potential to be negated.