Posted by: timetraveller May 6, 2007
Making Money with Eminitrader
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Action begins in 17 hours again for next week. The S&P 500 has been making steady highs with the occasional pullbacks that are totally normal. The QQQQ has been in excellent strength and we are, at least in the intermediate term, in a bullish trend. For those still discussing the recent correction a couple of months go, well, pull up a 5 year chart and it'll show up as a blip. We go where the trend goes. I am not predicting where the market will go, and anybody who claims to do so is either 1. Extremely lucky and bound to get his ass burnt 2. Foolish Although I'm quantitatively trained, I don't waste my time on time series forecasting and running monte carlo simulations to create a "sum over histories" scenario. I do like to think about such things just for the sake of fun, that's all. Here's an amazing read: Nicholas Darvas available online: http://www.nicolasdarvas.org/ enter in a bulls#it nameand email and youll be send to the page with the actual texts from the book. copy and paste all of the pages and read em in word or whatever you use. That's all. Time out from TT!!
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