|
PureBytes Links
Trading Reference Links
|
Found a site that appears to find turning points
http://www.bemore.com/newtonin.htm
does anyone know anything about these guys?
At 11:35 AM 6/22/98 -0500, Essan Soobratty wrote:
>Alright....alright....I'll concede that one! I was a little harsh on Jim
>Rogers. He got that one spot on. No I'm not long Russia but I used to
work with
>someone who now runs a Russian Stock Fund out of Greenwich CT..... The
guy has
>always had this buy-on-dips mentality.... oh well.
>
>As for JR: He did also say commodity prices were going to the moon and
T-bonds
>would not trade below 6% again.
>
>On a serious note. To a certain extent I do actually listen to analysts
and so
>called market "experts". The first thing I do when I read an article or
listen
>to an interview that has caught my attention is try to come up with counter
>opinions. What that does is gets the ball rolling on a brain-storming
process
>that (at least in my case) usually results in an issue or aspect of the
market
>being thought through more carefully than it would have been otherwise.
How many
>times have you been awake at 3am with so many thoughts in your head on a
certain
>market. I find this interlectually stimulating and I see it as a good
sign that
>things seen or heard are not being taken verbatum.
>
>On my hard disc I have a HTML page for almost every market, region etc that I
>think is relevant. ie I have pages for the US, Japan, Australia, Europe,
Grains,
>Metals, Energy, stocks, weather, demographic trends, etc, etc. If I read an
>article of interest I will put the general summary into the relevant file.
So
>then. If I am about to go long crude oil, out comes the file on energies
and I
>have an instant briefing on what has been said about that market going
back for
>however long. There will be comments from CNBC, from the WSJ, from
Barrons, from
>trade journals, from conversations with other traders etc.
>
>It is hard work keeping track, but I do trade full time and am not a
day-trader.
>If I looked at charts all day I would begin climbing the walls.....
>
>But I guess this is only valid because of the way I trade. Although I have a
>methodologies/systems that could be more or less mechanical I do inject an
>element of human-analysis. A fresh example is last week. When the Fed
>intervened mid-week one of my systems told me to go long the dollar index. I
>chose not to. I waited until Friday morning to begin buying $.
>
>There have been times when this human element has cost me dearly, but on the
>whole I am very much ahead due to this human element. It works for me.
>
>Rgds.
>
>Essan.
>
>
>HBernst963@xxxxxxx wrote:
>
>> Jim Rogers has been very bearish on Russia and been right on that one. I
hope
>> you're not long!
>>
>> Howard
>
>
>
>
>
|