Monday, 12 December 2011
Financial Analysis in the Stock Markets Today. It's no shock that the ECB isn't meeting market expectations printing billions instead of trillions, not that I'am a proponent of printing money but the world's in such a pickle billions is chump change today. http://www.bloomberg.com/news/2011-12-12/euro-undermined-as-draghi-undoing-trichet-interest-rates-removes-support.html
Listen to Jim Sinclair on "King World News" very powerful, as usual. For those of you that don't know Jim Sinclair he is the son of Bert Seligman and Bert Seligman was buddy's with Jesse Livermore. Jesse Livermore was a stock operator in the turn of the 20th century and his story is a required read "Reminiscences Of A Stock Operator" Look to the right on this webpage at the amazon bookstore and buy it, I read it often because the story was the same then as it is now, this book keeps me in touch with all of the BS that goes on in the world. The story is always the same, the charts are always the same and the technical analysis is always the same.
Also listen to Bert Dohmen on the Financial Sense Newshour. Bert knows where it's at and he sees weird stuff going on technically, I keep track of him whenever I can. I'm not going to ramble on today, Still with TZA because the market is down today so far. I will be trading out of TZA before the 15th for sure because that is when the next pivot point is due, unless patterns and wave counts prove otherwise. W.D Gann "when price and time meet change is inevitable"
Anyway listen to Bert and Jim and go to Amazon"s bookstore on the right and buy "Reminiscences Of A Stock Operator" you won't regret it.