Recent content by bastiat76

Its likely to bounce here, but I dont think that the uptrend resumes anytime soon. I do agree that now would be terrible timing to put a short on though.

Nothing was said about buying, or even trying to buy, the bottom tick. That would be stupid, but if you have your analysis in place and things start to fit together you pull the trigger. If the trend is an important part of that analysis great, if its not great. To think that you have been...

sigh. While I'm one in the "volume is important" camp, it certainly doesnt hurt you one bit to look at other things. For example, Point and Figure Charts, which dont take time or volume into account, have proven to be invaluable to me in determining price targets, something I was never able to...

I dont think that anyone said anything about averaging down into the loser, although from time to time, not as a rule but as an exception, it can be the thing to do. Anyone who gets into a trade without a well defined risk control plan deservices to lose, but just because the plan doesnt conform...

Trading firms are already outsourceing to Mumbai, you can get people with the same or better educational background as an American, most of them willing to work harder and pay them alot less. I do not know so much about China, but trading is already being outsourced to India.

I read that in the 1800's, and early 1900's the typical lumberjack in the west ate something close to 9000 calories per day.