Yesterday, the indexes doesn't drop very much, individual stocks droped big, almost make me feel there is something wrong in data feed

A lot of vol is created by hedge fund these days, I remember my two traders, they call them big swing private, I don't know why.  MSCI hedge fund index, year to date is 3%, so not much.  But they generate a lot of waves, and sunami like yesterday and today.  I wish that the stock market will create a separate volumn indexes for these hedge funds

Market does STINK!!!

But I love this game, the hardest thing to do right now is to sit back and not trade.  

As far as Cramer goes, I believe he doesn't do AS WELL as he could because he is always trading...he is always in the market.  There are times like this one where you just need to sit back and watch the show from the sidelines.  It is drilled into our heads that we HAVE to do something.  

Remember you have choice, there is always one choice you can make:  DO NOTHING.  Like now, DO NOT TRADE.  Can you make money in this environment, sure...is it difficult yes!  Josh has been at this for 10 years...he is on his own...I'm on my way to be on my own...no way do I have the skills yet to trade this type of market.  If your account is not within 5-10% of its highs...get OUT.  Wait for a nice run where you'll find strong leaders that run 100% and above.  

Watch how Josh takes positions, watch ones he misses, ones he is profitable on and others that he cuts his losses.  How many people put their account positions for free???(not for long but, for now...)

Suggestion:  If your acct is not within 5-10% of its highs or if you don't even keep track...GET OUT of the market...go to Josh's blog  http://mauitrader.blogspot.com and study EVERY position he has made...make sure you look at the chart where he is taking the position.  Print out all those charts and study them for heaven's sakes...the ones that hit a stop loss study where those stop losses are!  

This is the time to do it, in a CRAP market!

Ok, off to the pool....going to be mid-90's here...heading to the beach w/the dog later on...

ENJOY!

BTW - this forum just keeps getting better...keep this up!

ALERT:  NEW BOOKS ORDERED!

"The Perfect Stock"  by Brad Koteshwar
"How Charts can help you in the Stock Market"  by William Jiler

Brad's "The Perfect Speculator" was an excellent read.  I suggest everyone in here to read it.  I will let you know how the others turn out!...

Ok time to go to the pool...I am an addict and proud of it.

Funny enough, I am just about to return

How Charts can help you in the Stock Market"  by William Jiler

In the last chapter, it mentioned Graveille rule, if price dropped sharply penetrates 200sma, a reaction is expected, this happened to TRAN on Friday

It is ok book, it is clerly and simple

Also I am going to also return The Battle for Investment Survival ( Gerald Loeb )
I find hard to concentrate on the book, the technical chapters are just so so.  May be I should re-read it as I am mainly reading Jim Cramer Real Money, trust me the book is worth of reading ( you need to separate this guy as an entertainer and as investors )

Quoted from huajian_us

Funny enough, I am just about to return

How Charts can help you in the Stock Market"  by William Jiler

In the last chapter, it mentioned Graveille rule, if price dropped sharply penetrates 200sma, a reaction is expected, this happened to TRAN on Friday

It is ok book, it is clerly and simple

Also I am going to also return The Battle for Investment Survival ( Gerald Loeb )
I find hard to concentrate on the book, the technical chapters are just so so.  May be I should re-read it as I am mainly reading Jim Cramer Real Money, trust me the book is worth of reading ( you need to separate this guy as an entertainer and as investors )

I'm new in this field and trading Stocks
my question is: What does " 200sma " mean


eugj

SINGLE MOVING AVG - SMA  or DMA 200 Day Moving Avg

EXPONENTIAL MOVING AVG - EMA

go to http://www.investors.com/financialdictionary/ to find out more terms.

Quoted from Market_Speculator

SINGLE MOVING AVG - SMA  or DMA 200 Day Moving Avg

EXPONENTIAL MOVING AVG - EMA

go to http://www.investors.com/financialdictionary/ to find out more terms.

Thank you very much Market........


eugj

Anytime EUGJ...

Time for the beach...later!

Quoted from huajian_us

Funny enough, I am just about to return

How Charts can help you in the Stock Market"  by William Jiler

In the last chapter, it mentioned Graveille rule, if price dropped sharply penetrates 200sma, a reaction is expected, this happened to TRAN on Friday

It is ok book, it is clerly and simple

Also I am going to also return The Battle for Investment Survival ( Gerald Loeb )
I find hard to concentrate on the book, the technical chapters are just so so.  May be I should re-read it as I am mainly reading Jim Cramer Real Money, trust me the book is worth of reading ( you need to separate this guy as an entertainer and as investors )

Yes, like I said before out of all the "must read" books I have listed on my blog this is one of the harder ones to read. But the old charts and principles are the same. Reading this book proves, yet again, that this method REALLY works. HE was very successful with it and made millions. Same principle. Just another tale of a guy that "got it." Loeb is a legend for a reason. The book is still worth reading. Like I said before, also, if the chapters of that book are about derivatives and other stuff not really related to what we do then just skip it. There is some fluff in there.

I own and have read the book "Confessions of a Street Addict" by Jim Cramer. I have to admit, I would never trade like this guy. As for entertainment value, this book was one of the most entertaining book I have read BY FAR; and it was an easy read. Since we all know the guy, it is easy to read the book with voice in your head sounding like Jim. What is that called? I didn't go to college. Anyways, I will not buy the book Real Money: INsane investing in an insane world but have to admit the one book by Cramer I read was extremely entertaining. (CANSLIM destroys Jim's methodology--like huajian said it is for entertainment value only).

We are in  the second year election cycle, here is the month to month performance for each major index.  The second year has worst performance among 4 year cycle

I opened that attachment and only the first chart showed up. Can you try to repost it?

Saturday, July 29, 2006
Huge Gain For Stocks, On Lower Volume, Bring A Close To A Very Wild And Positive Week; Where Was The Institutional Buying?
Market Commentary Before Sunday Morning.

Portfolio Holdings: Long - 61 stocks Short - 82 stocks.

New Swing Longs: DJO HWAY WTNY ZONS

New Swing Shorts: USU CI AHG

Longs Outperforming: TWTC-135 CVO-120 TFR-103 WNR IHS-56 PAY-37 UARM SEIC BOT ITG CTCI-71 VLG-33 LMT HMSY MO JTX BWP RNST IGT TRMA MGLN USEY-32 TYL-27 DLP RMR BMR DUCK

Shorts Outperforming: CRXL MAFB TXRH PII CXG OPTN RS STLD CPF AGP EXBD LHO SYNA RRGB

Stocks On Radar Screen: PVTB HEI IMA STEC

Cover Shorts: RTP EWG TM CATY GVA STNR

S&P 500 broke through a Donchian 20day high level on Friday.  The new 20day high is 1280.42.  However, I hate to point out that it did it on lower volume than previous day.

50 day high happens to be 1290.68...

If anyone knows Market Wizards they should know Donchian Chains...THE TURTLES!

When I finish this Darvas book I am nursing--been too busy surfing and watching TV--I will reread the first market wizards book.

I haven't read that since 2000.

we should get a name for ourselves, mabey josh can come up with a good Hawaiian name for our group.  Something more dynamic than 'the turtles', but every bit more mysterious.