Just got back to see that X and DJIA got to containment. Sundancer, how do we know that they just won't keep setting higher containment points? If this is true on the SPY then 3/17 is no longer significant, no? And how can the down go back to retest if the SPX needs to get up to 1178.73? I think I need to cover.
Trade Your Way To Financial Freedom, by Van Tharp. First edition. Part III is most important. Don't get discouraged if you can't get all the maths, as the equity market is less volatile in terms of random spikes than commodities, and thus you don't have to be over worried about covering your ass… I mean portfolio. The principles are the keys.
Yes. The book I mentioned to you before, is a good place to start. I wish it was available when I first got started. 🙂
There is no secret out there, Monica. Everything is just a different rendition of what is available publicly. But everyone is keeping his/her own recipe secret. The thing is, once you know how to cook, you can create your own secret recipe. That book will show you what you need to know and how to learn what you need to learn.
I have also invested (a better term than SPENT) a ton of money in books, subscriptions, databases over the years. From all those, I managed to learn the principles behind the methodologies.
Now, you can go through all that or you can get a jump start by reading Part III (first edition) of that book I mentioned. 🙂
I blew a 6 figure portfolio once. 🙂 There is no glory, honor, profit nor special enlightenment in doing that. 🙂 I count my blessing that I was young and didn't have someone who would have kicked me out back then. LOL Blowing 6 figures was so easy. It was just numbers on paper. Didn't mean anything. lol If you want to know how I blew it, I did it by fighting a run away market.
Just got back to see that X and DJIA got to containment. Sundancer, how do we know that they just won't keep setting higher containment points? If this is true on the SPY then 3/17 is no longer significant, no? And how can the down go back to retest if the SPX needs to get up to 1178.73? I think I need to cover.
red line = 10,849.35
I know where that SPY 117.773 tick came through on Friday
$SPX next containment pt. is @ 1178.73
http://www.flickr.com/photos/47091634@N04/44572…
for those trading the IYR, it's currently coiling on back of a daily containment pt.
http://www.flickr.com/photos/47091634@N04/44572…
it's next containment is in the 53 range, where the crash gap is @
$DJI Daily containment pts.
http://www.flickr.com/photos/47091634@N04/44579…
as you see every containment pt. gets re-tested from the opposite side it broke, yellow line is next to get re-tested
Thanks, I will try and find first edition.
Trade Your Way To Financial Freedom, by Van Tharp. First edition. Part III is most important. Don't get discouraged if you can't get all the maths, as the equity market is less volatile in terms of random spikes than commodities, and thus you don't have to be over worried about covering your ass… I mean portfolio. The principles are the keys.
I don't know about the second edition.
SC, what book are you referring to.
I'm in TNA at the moment.
Yes. The book I mentioned to you before, is a good place to start. I wish it was available when I first got started. 🙂
There is no secret out there, Monica. Everything is just a different rendition of what is available publicly. But everyone is keeping his/her own recipe secret. The thing is, once you know how to cook, you can create your own secret recipe. That book will show you what you need to know and how to learn what you need to learn.
I have also invested (a better term than SPENT) a ton of money in books, subscriptions, databases over the years. From all those, I managed to learn the principles behind the methodologies.
Now, you can go through all that or you can get a jump start by reading Part III (first edition) of that book I mentioned. 🙂
I blew a 6 figure portfolio once. 🙂 There is no glory, honor, profit nor special enlightenment in doing that. 🙂 I count my blessing that I was young and didn't have someone who would have kicked me out back then. LOL Blowing 6 figures was so easy. It was just numbers on paper. Didn't mean anything. lol If you want to know how I blew it, I did it by fighting a run away market.