I little while ago I finished the CD-ROM course by Kevin Haggerty called “How to successfully trade the 123 strategy.” It took me about a month, using whatever spare time I had, however those with plenty of spare time can finish the Kevin Haggerty course in a week or less.
The course is basically an in-depth look at double bottoms and double tops. It should be called “How to trade double bottoms and double tops,” but that I guess would not sell any courses, so they use a fancier title.
Recent weak economic reports in particular today from the service sector, has turn the markets down. At the time of writing this post, the Dow Jones is down by 293 points, and the Nasdaq (above chart) is down 54 points. From the looks of it, my guess is that the indexes will retest the lows set in the last few weeks.
Recently the school trustees of Toronto, Canada approved the go ahead to build an all black kids school in Toronto, mainly because of the extremely high drop out rates of black students in high school.
I think this is a completely backwards move. After all, didn’t Martin Luther King fight and died for the blacks to be recognized as equals all over the world. For Toronto, Canada school board to do something like this like saying “Black kids, need special attention so they DON’T drop out of school.” This is the message it is sending out to the world.
by Das Brain
Back in the 1980’s when the U.S and Canada signed the Free Trade Agreement the two countries might have agreed to something else other than trade of goods.
Some people believe that the Progressive Conservative government of Canada, sold Canada down the river to the American’s by agreeing to a unified currency called the Amero.
With only a few hours to go before the FOMC announces their rate cut, I’m wondering which way the Fed will go.
Some think that the Fed might just cut the interest rate by 25 basis points to round out the total cut to 1 percent. This is the total of last weeks emergency cut, plus todays cut if they go .25 of a percent.
by Das Brain
 I was recently told by a trader friend of mine that finally TD Web Broker accounts finally offers direct to market order routing for options contracts. It’s about time, but very late in the game compared to many of the discount brokerage companies out there.
by Das Brain
I finally finished editing the some of the video of my Las Vegas trip. Here is one of my favourite clips. It is the video of my sister-in-law shooting an M16 machine gun at the gun range in Las Vegas.
by Das Brain
The last stock market drop was back mid July 2007 to about mid August 2007 with a decline of roughly 10%. That is one month a drop of 10%, however this current downturn in the market is a bit more severe. From the beginning of November 2007 until now January 17, 2008 the indexes has fallen almost 20%.
by Das Brain
I read the book “The Disciplined Trader” by Mark Douglas” a few months back, and was able to get a lot useful information from the book.
If you have been trading for a while, then you know that psychology is a big big part of trading. Doesn’t matter what kind of trading you do, equities, forex, bonds or futures the right frame of mind will make you a more consistent trader, than a trader who let their emotions control their itching mouse button finger.
by Das Brain
Over the last 2 trading sessions the stock market indexes has been beaten down. Yesterday the first trading day of the 2008 the markets were slammed and also on the last trading day of 2007. Not very good signs for the health of the U.S stock markets at all.
by Das Brain
Year 2007 as the title of this post suggest was an extremely volatile year for me. At the beginning of 2007 I watched on CNN a gentleman from Hong Kong, talking about the Chinese pig or boar zodiac, and calendar prediction for 2007. The man said that usually years ending with the number 7 are very volatile, and he also mentioned that 2007 has metal, fire and water elements associated with it. Well, when you mix hot metal and water you get a lot of sizzle and volatility and that is exactly what I got for 2007.
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