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I took a few days off over the 4th and drove up to my summer home in Maine. This trip was both to have a break and to see my children, my first grandchild and my New Zealand son-in-law, who was visiting here with my beautiful daughter. During my stay, I decided to charter a fishing boat and a fishing guide, to take the kids fishing to catch some "stripers" or "rockfish" as they are known in Maryland.
I put some time into finding a really good fishing guide, one with a proven track record. I found a great Captain who had the track record and the right credentials, so we booked a half day fishing trip. Now, we were all ready to have some fun and catch some fish. The next day we set out at 6am with high hopes of having fresh cooked "stripers" for dinner!
Sound like a classic fishing story, but after several hours of fishing and nary a bite, I started thinking that trading is a lot like fishing … there are no guarantees.
Before I lose you all at this point, let me explain what I mean by that statement. Just imagine that you have the best equipment and a top notch fishing guide, you know the fish are out there, but for some reason, that only a fish would know, they are just not biting. It gets to be a little frustrating. Continue reading "Gone Fishing"
If you missed this video, chances are you were surprised at yesterday and today's big fall in the DOW, S&P 500 and the NASDAQ.
So, here is your second opportunity to learn how to use this powerful early warning system.
This early warning system has been successfully used in stocks, futures, precious metals and the foreign exchange (FOREX) markets.
The video runs just under 4 minutes and could quite possibly change your entire outlook on the markets.
You can watch the video here
Enjoy the video, and every success in your trading.
We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of QUALCOMM Incorporated (NASDAQ_QCOM).
I hope you are having a GREAT week !!!
This week let's take a look at QCOM.
QCOM looks to have made a Head and Shoulders top and is breaking out to the downside, which is bearish, and puts the odds with lower prices. Continue reading "Chart to Watch - QCOM"