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Monday, January 15, 2007

Speculation and Life

Here is the key. Trading is a game that you set up and agree to. You only have two choices about how you will get to where you are going. The first is an unconscious method; your mind will create your reality from your pictures of the past. And you know that it is most ready and willing to do that. In fact, that is one of the main functions of your brain's left hemisphere. But this part of your brain can only duplicate earlier situations--IT CANNOT CREATE. In fact, your mind cannot accept the notion of creation or the notion of disappearance. Your only other option is to become conscious of your notions. A notion is another word for noticing. When you notice something (or get a notion), you give it your attention. When you begin to notice how you are noticing, you fall into AWARENESS. When you start becoming aware, you will be out there on the razor's edge of choice and always willing to make one. You will become aware that what you see on your brain screen is much more important than what you see on the monitor screen. The market can become your own tree to sit under until you reach enlightenment. Enlightenment in this case is seeing the market for what it really is. So let's repeat:

The market is nothing but agreement on price and disagreement on value. No trade is made until there is disagreement on value and agreement on price.

No market moves until there is new incoming information (Chaos). Most traders disagree with the purpose and function of the market and thus lose. Picking tops and bottoms is disagreeing with the market. And because we are all stubborn to one degree or another, we make following the trend of the market, which should be the easiest thing in the world, one of the most difficult tasks in speculating. Most traders feel that what they need is some new "genius" who can create a trading system or indicator that will make sense of the "craziness" of the market. A muddle of conflicting indicators united by the force of greed is the worst possible instrument for trading the market. Irrevocable commitment to this kind of indicator is financial suicide. We do not need a new indicator or strategy. We need a new experience--a new feeling of what it is to come from the right hemisphere and intuitively understand the market. One must take care not to confuse the image (chart) with fact, which would be like climbing up the sign post instead of following the road, or eating the menu rather than the meal.


Cosco ~ sailing away, supp 2.49






Ho Bee ~ breaking out mode, supp 1.37 , res 1.50





Enviro-hub ~ breakout! supp .70/.65






Sino-env ~ consolidation mode, supp 2.49 , breakout lvl 2.80




Sunshine ~ breakout! supp .375/.33


Kepcorp ~ reversal, supp 16.7 , res 18.10

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