Here’s a little something I found at BondTrader’s weblog. He has a link to a page that contains quotes from some top traders: Success Leaves Clues There are certain ‘business rules’ that triumphant investors and traders adhere to. If you were able to model these business rules then maybe it’s possible for you to also [...]
Posted by 27 May 2003
Resistance is Futile
Today reminded me of one of William Eng’s trading rules: Bear markets have no supports and bull markets have no resistance. The market sliced through the mid-May’s overhead resistance as if it wasn’t even there. In doing so, the head & shoulder pattern that I pointed out Friday was invalidated. Led by the NASDAQ, with [...]
Posted by 1 May 2003
Sell in May and go away!?
Once again May is upon us. Many a researcher has pontificated on the performance of the market between May and October. No doubt these clowns, er, experts will be all over CNBC today. I guess I’m just skeptical by nature, but I don’t like to follow seasonal patterns. I figure I’ll just let the charts [...]
