Saturday, October 20, 2007

Hard Times Flush the Chumps.

I would consider the last 5 trading days as an indication that the markets are going to crash next week...If I was a chump. Since I am in the non chump classification I will simply chalk up recent price action to "distribution" or noise. In reality its only hindsight bias that ever really gives us a clear enough picture of history. We humans like to make sense of everything and have it all figured out. Why? So we can sleep at night, so we can feel smarter than we really are. I do know this; panic over Gold, Oil, China and the toys little Johnny gets in his Christmas stalking this year has not paid off for the bears in the past 4 years. So why get excited about a little sell off? Its like my friend St. Thomas says; "Price is King"

Thursday, October 18, 2007

Saturday, October 13, 2007

Trade What You See...


I'm done talking to you people! Just look at the chart and do what you are told. Stop listening to mad money and wasting your time reading the wall street journal. Just find a nice 5 year break out like this one and take a position. It is that simple.