12M suggests that this market is likely to retest its all time high, but the current 18D swing is now statistically overbought. The Demark exhaustion suggests that a corrective dip is now likely
Archive for January, 2007
This looks very interesting. Current 18D swing is oversold in terms of price move, and also arguably in terms of time as well. Market is at 13W Midas support, with Demark exhaustion calling for a buy.
The current 18D swing on copper is normal in terms of bars, but over extended in terms of price move. (107 points is a 3SD move). Will look for 13W midas support plus Demark exhuastion buy signal.
I have always been amazed by how experts can use the same reasons to justify market behaviour. Consider the following, extracted from EWI… Continue reading ‘The fickle experts….’
This article sourced from Innerworth, expalins why Vision and Goals are crucial ingredients for success in any endeavour, including trading…. Continue reading ‘Vision and Goals’
Changing Weakness into Strength
Published January 20, 2007 A Day in the Life of... , The Way of the Sword Leave a CommentI read recently the story of a 10-year-old boy who decided to study judo despite the fact that he had lost his left arm in a devastating car accident. The boy began lessons with an old Japanese judo master. Continue reading ‘Changing Weakness into Strength’
Like the S&P500, the ND100 has a very similar Demark exhaustion signal so I have initiated a short trade on ND100
12M is at its Primary Sell zone; 13W is in bulish trend; 18D is also in bullish trend , but is at Demark exhaustion. Coincidentally, market is also trading in Ray’s time window where he expects market to peak.
Defining what is Confidence for Traders
Published January 17, 2007 Into the Financial Markets Leave a CommentIn trading, swordsmanship, and in life, confidence is essential to success. I came across this article sourced from Elliot Wave International which clearly states the distinction between “emotional” confidence, and “system” confidence. In my opinion, what is implied, but not stated is that confidence is gained from learning, and then practicing the “system” be it BarroMetrics, Elliot Wave, or Shinkendo. Experience gained from such practice will build confidence… Continue reading ‘Defining what is Confidence for Traders’
The Continuing education of a Singaporean Samurai
Published January 16, 2007 The Way of the Sword Leave a CommentToday, I had the opportunity to observe an learn how a katana is stripped from its mountings and furniture. The purpose is to clean and inspect the blade and tang, checking for flaws and cracks that can compromise safety. All thanks to Lonnei sensei, who took the time to explain this to me even though he has retired from Shinkendo
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