Wednesday, January 12, 2005

Ringing the Bell

Is that what Bill Cara said he does when he makes some coin? Well, I'm ringing the bell because yesterday's post was spot on with how the market traded today. Bill, can you hear the bell? :)

Articles for the musing:
  • Another great post from the Texas Hedge Report. I do not want to agree with their analogy on the Roaring Twenties and today. But, they make a good case. If you throw the Presidential cycle into the mix...their timing might be pretty accurate. The 29 crash occured 3 October's before the 1932 election. We're currently 3 January's away from the 2008 election. If the gold and silver markets are truly in secular bull markets...they're going to have to start turning around sooner rather than later.

  • An interesting study on buying the prior year's strongest sectors. If you would have done this from 1991 thru 2004; you'd have a compounded annual return of 18.4% versus the SP-500's 9.7%. Read here.

  • Interview of Jeffrey A. Hirsch from RealWorldTrading. Take it for what you will. Read here.

  • I have a problem with simplified logic. Maybe because that's my game. ;) Regardless, the logic this investor is using to game oil and satellite radio worries me. Read here.

  • Interview with Pulte Homes CEO, Richard Dugas. A completely different perspective on the rise in real estate. Can you believe they build and sale 100 homes a day? Read here.

Daily Systems

Current Open Systems:

Symbol System Entry Date Exit Date Profit/Loss%
WAG BreakUp 1/4/2005 open +3.89%
QQQQ Tii100Low 1/5/2005 open -0.26%
QQQQ BBLower 1/5/2005 open -0.26%
QQQQ ATRBreakBB 1/5/2005 open -0.26%
QQQQ TrueRVolume 1/5/2005 open -0.26%
QQQQ VolSurgeDown 1/6/2005 open -0.10%
QQQQ Harami 1/6/2005 open -0.10%
ACV BreakUp 1/7/2005 open +0.26%



Total +0.38%

Please read the disclaimer on the website. This is not a recommendation to buy, sell, or trade securities. Just a journal of my travels through Wall Street. I can buy, sell, or hold any positions mentioned on this website at anytime. So, be warned.

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