Trade The Charts and
Not The Hype
After the bull market ended in 2000 we entered into a new era where buying and holding stocks was dead and the new game was and still is short term
trading. I quickly developed a system of identifying what I call “Extreme Overbought” and “Extreme Oversold” stocks by use of a proprietary screening
formula that took me two years of trial and error to get right. After identifying opportunities where in the case of “Extreme Oversold” stocks that
Wall Street was ignoring or “ Extreme Overbought” stocks that were overcrowded and over hyped I honed my skills in technical analysis by way of using
stock charts, price and volume action, candlestick and chart formations, divergences and lastly momentum indicators. This system is my Contrarian
Trading System. There are a number of rules to this system which I have taught members.
By learning to use charts to spot divergences breakouts and money flows you avoid being a victim of the financial news media and remain out of the
cross hairs of Wall Street thugs manipulating stocks by using the news media.
On The Wall Street “Banksters”
Do you ever wonder why Goldman Sachs issues Upgrades and Downgrades? How many times have you heard CNBC report on Goldman Sach’s new addition to their
“Conviction Buy List”? Do you have an account with Goldman Sachs? Why are they being so nice by giving out free opinions to us? The answer could be
one or both of the following: A) It is because they have already gotten their customers into the stock and are now are using the financial news media
to get the “Dumb Money” off the bench and all excited and into the stock or B) The stock that they are recommending is at the end of its bull run and
Goldman Sachs needs to sell a lot of shares. However, if they sell into declining volume they will cause the stock to crater. Well they upgrade the
stock or reiterate their price target on the stock and once again the “Dumb Money” and gets all excited and buys all at once and never even bother to
look at the stock chart.
Is It All About The Money?
No, I love life, family, travel and music. Trading has allowed
me to live to work and not work to live.